Does GoCo calculate backpay?

With GoCo's embedded payroll all changes to an employee's profile automatically get pushed to the payroll run. However, there are a few things to note when this involves pay. See below!

In order to make sure employees are paid correctly, follow these guidelines in GoCo.

  • If you change an employee's pay with a future effective date, you will see it on the payroll run when the work period includes the effective date of the change.
    • GoCo will apply the prorated amount by day so you don't have to make any edits! 
  • If you change an employee's pay with an effective date in the past, GoCo will adjust the pay immediately but will not calculate any back pay. 
    • To prorate by day follow these steps below. 
    • For hourly employees you can add another earning code and put in the new rate, then adjust the hours worked. 
      screely-1585326160020
    • For salary employees, you'll have to adjust the amount itself and do the math offline since the rate is not editable in GoCo.
      screely-1585326229991

Once you are done with these edits you can proceed with processing payroll.

 

If you have any questions please email us at help@goco.io!