Flexible Spending Account (FSA) Calculating a Deduction in the Next Year
Last updated on DECEMBER 14, 2016
Applies to:Oracle Advanced Benefits - Version 12.1 HRMS RUP7 and later
Information in this document applies to any platform.
The calculation for Flexible Spending Accounts are not calculating on the correct number of remaining pay checks and taking the last deduction in the first check of the next year.
Steps to Reproduce:
The issue can be reproduced at will with the following steps:
1. Go to responsibility US Super HRMS Manager.
2. Process a life event and enroll in FSA for an amount to begin on the 24th pay period of the year.
- For this customers payroll definition, this should divide the annual amount elected by 3 remaining checks.
- Instead, a calculated value is returned based on 4. The 4th deduction is taken in the period for the 1st check of the new year.
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