Related ETPs

Related Employee Terminations records are linked to an original or adjustment record. You use them to make additional payments to the original or adjustment ETP so you can enter only the payment date and payment changes. You cannot change the termination reason or termination date. The related record contains only the additional payment details, not the total amount of the original and the related payment.

You would use related ETPs in the following scenarios.

To spread an employee’s ETPs over two tax years by adding a related ETP based on the original ETP.

To add an additional payment in the same tax year as the employee’s original ETP.

If the original ETP has an adjustment, Exolvo links the related ETP to that adjustment.

The ETP cap amount for the related ETP is reduced by the ETP cap amount used in the earlier payment. If the Payment date of the related ETP is in a different tax year to the original ETP, the tax calculation considers the difference in the tax rates in the two year-to-dates and calculates the correct ETP tax.

Prerequisites

1. Employee's record contains their date of birth.
2. An original or adjustment Employee Terminations record was created, confirmed and paid.
3. A termination transaction exists for the employee in a closed pay with a link to the original Employee Terminations record so it is closed and has a pay sequence number.

Topic: 28513