Acclaim - Lump sum payment upon retirement

Acclaim - Lump sum payment upon retirement

Problem:

How to setup a lump sum payment upon retirement and it should feed to a T4A?

Solution:

Steps:

  1. Go to setup > payroll category

  2. Create a payroll category as earning with type being Regular and make sure under ‘Form Assignment’ T4A (reporting to appropriate box)

  3. Assign category to employee and payout employee(s).