Handling Employee Comp Time

How do I handle comp time?

Comp time is an option that lets you defer payment on some work until later. It is frequently used as an alternative to overtime, when an employee works more than the standard hours for a week.

Here is how to use Goldenseal construction payroll software to handle comp time:

Adding Comp Time

If an employee does work that will not be paid now, follow these steps:

1. Choose Labor Hours from the Costs menu.
2. Click the New button.
3. Enter the employee name and the hours worked.
4. Enter job cost info for the time.
5. Enter Add to Comp Time in the Details field.
6. Click the Enter key to save the transaction.

Goldenseal payroll software will use the time for job costs and time billing, but it won't include it in regular payroll.

Viewing Comp Time Balances

To see how much comp time an employee has, follow these steps:

1. Choose Employees from the Accounts menu.
2. Locate the desired employee.
3. Check the Comp Time Balance at lower right.

Using Comp Time

To pay an employee for previous comp time, follow these steps:

1. Choose Labor Hours from the Costs menu.
2. Click the New button.
3. Enter the employee name and the hours claimed.
4. Enter Use Comp Time in the Details field.
5. Click the Enter key to save the transaction.

Goldenseal will include the time in regular payroll. It will not use the work for job costs or time billing.

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