Net Pay Adjustment

Net Pay Adjustments allow you to add or deduct specific amounts from a worker’s net pay. This feature is typically used for bonuses, allowances, government deductions, or any other custom adjustments that affect the worker’s final take-home pay.

Step 1: Go to the Fareclock Admin Console and go to Manage. Under ‘Manage’ find and click ‘Payroll’.

Step 2: Click the ‘Adjustments’ tab above.

Step 3: Click the "Add Net Pay Adjustment" button to create a new entry.

• Worker: Select the worker to whom you want to apply the adjustment.

• Type: Specify whether the adjustment is a Deduction or an Allowance.

• Adjustment Code: Choose the appropriate adjustment code based on what's available in your organization and what applies to the specific deduction or allowance for the worker.

• Affected statutory deduction brackets: Specify which statutory deduction brackets should account for this adjustment. For example, a bonus might impact certain brackets, while an expense reimbursement might not. Some brackets may include the adjusted income, while others may exclude it. This field is optional and does not need to be filled out if not applicable.

• Use Case:

Select from one of the following:

• Repeat until balance used - The adjustment will apply repeatedly until the set balance is fully used.

Additional Settings:

Adjustment schedule - Specify which pay periods in the month this adjustment should apply to. If you select, for example, the 2nd–4th pay periods but the month has fewer pay periods, the adjustment will be applied to the last available pay period.

Amount per scheduled adjustment - Enter the adjustment amount to apply for each pay period.

Start date - Set a start date for this adjustment.

End date - Define an end date for this adjustment.

• One-time Adjustment - The adjustment will apply only once.

Additional Settings:

Amount per scheduled adjustment - Enter the adjustment amount to apply for each pay period.

Start date - Set a start date for this adjustment.

• Notes: You may enter any additional notes here.