A guide on how to effectively manage earnings and deductions, whether it's a one-time or recurring change.
One-off changes (to show up on the current payroll you are processing)
Earnings/Deductions
One-time earnings/ deductions will always happen on the payroll run. They are truly meant for one-off scenarios. To make a one-time change click on "Payroll" from the left side navigation.
- After you click "Start Pay-run", you'll be taken to a grid of all employees. Please find the employee you'd like to make a one-off change for and click "View".
- A sidebar will pop up allowing you to add in earnings/non-native deductions from the drop-down menu. You will also be able to override the amounts that are in listed.
Examples of one-off earnings: bonus, commissions, tips cash, overtime, other pay, etc and you can customize these categories at any time
- There should not be a need to make updates to deductions for the benefits stored in GoCo (health, dental, vision, life, etc.). GoCo will automatically recognize life events and catch-up deductions and should prompt you about these. If another scenario comes up, please get in touch with your CSM.
- Don't see a category for the type of earning/deduction you need? Email us at help@goco.io so we can set this up for you!
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⚠️ Please remember making changes in this module will not carry over into the next period, this is a one-off change.
Recurring changes (to show up on every payroll)
Earnings
GoCo has a Payroll card that is on each employee's profile. If you want to create/adjust a recurring earning, you can do so by clicking "Make Changes" and going through the Employment & Compensation wizard.
Examples of recurring earnings: bonus, car stipend, cell phone stipend, rasies etc.
- Note: It is highly recommended to use the start of the pay period when updating recurring earnings. Please contact your CSM team if you don't know when your pay periods are.
- Once you have selected your effective date. Scroll down and underneath the wage rate field you will find the "+ additional earnings" field to begin adding your earnings. If there is an earning or rate of pay you do not see in the dropdown please contact us so we can assist you.
- ⚠️ Please remember that making changes in this module will carry the earnings into every pay period.
Benefit Deductions
- If the deduction is stored in GoCo (health, dental, vision, life, etc.), you should not need to change the standard, ongoing deduction. If you have a life event, the deduction will automatically update. If you have another scenario, please email us a help@goco.io
- If the deduction is not stored in GoCo, follow this article for guidance.
Crash Course
Any additional questions regarding earnings and deductions should be directed to your payroll specialist. If you have any other general questions please email us at help@goco.io 💚