Arrears are the payments made to compensate for the salaries that were not paid earlier. For instance, when an employee gets a salary hike in one month but receives it in a later month, the due amount is paid as arrears. It is a payment made at a later date to compensate for the previous period's due amount. Paying in arrears means paying the employees for work completed in the previous pay period instead of the current one.
In order to enable or disable the calculation of arrears for any component, follow the following steps:
Click on the Payroll (1) menu. Go to Settings (2) and click on Pay Groups (3). Choose your pay group (if you have multiple groups) and then click on the configure (4) icon against it under Actions.
On the next window that pops up, click on Salary Components (1) and then on Recurring Components (1). Now find the component you want to update and click on the edit icon (3) against it.
On the overlay window, see the dialogue ‘Include this component in arrears calculation’. Check/uncheck the box against it to enable/disable the option. Once done, click on Update.
Hope you found this document helpful. In case of more queries, please refer to the other articles or contact our product experts right away.
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