Anytime after the final pay of 2022 but before the first pay of 2023, you should review your earning, deduction and benefit codes to confirm whether they have formulas that need to be updated. You may need to update a formula if it contains:
2022
V13
V28
@DATE()
@DATEFROM()
The number of weeks in the year
Limit amounts, commonly found in pension formulas
Formulas based on pay periods
How to Review your Formulas on Earning Codes
Step 1: Open Earning Codes in the Avanti Desktop Application.
By default, this can be found in Canadian Payroll >> Employer Payroll Tables.
Step 2: Select Print.
Step 3: Select Print Preview to display the Results.
Additional Information
If Print Preview is not displayed, go to the Printer Setup tab and select Printer for Destination. Now Print Preview will show.
Step 4: Confirm whether the formula on the earning code needs to be updated. You may need to update a formula if it contains:
2022
V13
V28
@DATE()
@DATEFROM()
The number of weeks in the year
Limit amounts, commonly found in pension formulas
Formulas based on pay periods