We have a scenario, and i am not sure how i can proceed with it. Client wants to write off the amount in Total WT once the employee is terminated.
For Eg: I have an employee with Deduction with Balance and Totals WTs on IT 14 & IT 15.
Lets say we have three WTs 9001 - Deduction WT (on IT 14), 9002 - Total WTs (On It 15), 9003 - Balance WT (RT keeps track of running totals).
PP 01 2011, I have maintained Deduction WT 9001 on IT 14 for $50.00, and Total WT on IT 15 for $500.00.
When I ran the 1st PP, employee got deducted $50.00 through WT 9001and his balance WT 9003 has the amount of $50.00 and Total WT got reduced to $450.
Similarly for 2nd PP, employee got deducted $50.00 through WT 9001 and his balance WT 9003 has the amount of $100.00 and Total WT got reduce to $400.
Now, employee got terminated on the last day of the 2nd PP. In 3rd PP he doesn't have any earnings. The amount in WT 9002 of $400.00 is the one which we still need to get it from Employee (Lets say overpayment).
If the company decides to write off this amount, how would i reduce it to zero without triggerring retro or issuing any payment to the employee.
Note : Everything should be pre-tax, hence the issue of taxes doesnt come into picture.
All inputs are appreciated, and rewrded accordingly.
Thanks in advance....