Paying Interest on Summer Pay: Other Earning

In order to pay interest on Summer Pay, you must set up a "Summer Pay Interest" Other Earning type.  As some taxes must be taken out of the earned interest, this must be a different Other Earning type than the regular "Summer Pay Other Earning".

Creating a Summer Pay Interest Other Earning

1. A SEPARATE Other Earning must be set up for Summer Pay Interest.  DO NOT check the box on the Summer Pay earnings Other Earning.  From the Payroll > Other Earnings screen, create a Summer Pay Interest Other Earning and check off the "Summer Pay Interest" checkbox.