How do I determine the amount to transfer to benefit providers after each cycle?

Question

How do I calculate the transfer amount for benefit providers after each pay period in 7shifts Payroll?

Answer

Transfer amounts are determined and provided by your benefit provider based on the specific coverage or plan selected by each employee. These amounts are generally entered into 7shifts Payroll as a fixed, per-pay-period figure.

To identify these amounts for transfer, follow these guidelines:

• Review your Payroll Journal after each payroll run to see itemized benefit deductions.
• Ensure benefit descriptions are prefixed with the specific plan name in your settings so they appear as distinct line items in reports.
• Consult your benefit provider directly to confirm the total funding required for your specific billing cycle.

Related articles