Holds
AvailablePay held for a reason, or under a compliance flag, and released when cleared.
PAYOUTS & FINANCE
From earned to paid, with the evidence kept.
RevexOne prepares and proves the pay. Payroll, accounts payable and the bank stay the record of money paid; RevexOne keeps the why behind every amount.
THE PAY PATH
Four states, never blurred.
1
Earned
A calculation run proves itself and a person approves it; its lines are posted and never changed.
2
In a payment run
A payment run takes what each payee is owed up to its cut-off date, by pay group and frequency.
3
Exported
People go to payroll, companies to accounts payable, as a file in the format each needs (including UAE WPS).
4
Paid
Paid only when payroll or the bank confirms it in the return file. Exported is not the same as paid.
CONTROL
Holds, corrections and balances.
Payee register
AvailableExceptions, advances and write-offs, approved by HR.
Corrections by reversal
AvailableA posted run is cancelled by reversing lines until it is in a payment run. Nothing posted is edited, and nothing is paid twice.
Payee balances and ledger lines
AvailableEarned, held back, released and recovered, line by line.
Year-end totals
AvailableTotals per payee for the year.
Pay dates by country
AvailablePay dates on a weekend move to the working day before.
ACCOUNTING
Commission cost, spread the way auditors expect.
In the SaaS version (Enterprise), commission cost is capitalised and spread under ASC 606, with a roll-forward from opening to closing balance.
NEXT STEP
Walk through a pay period with us.
We will take one period from approved run to confirmed payment.