Payroll Key Terms
This article outlines key terms related to payroll periods and the payroll process.
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Completed Date: Loan milestone specific to nCino Incentive Compensation that the system uses to indicate when a loan is compensation-payable. This is set on a per-company level based on what the company decides should determine when a loan is compensation-payable.
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For more information, refer to What is the Completed Date?
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Lock Down: Process in nCino Incentive Compensation that indicates when loan data should no longer be updated and used for final compensation calculations.
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For more information, refer to Lock Down & Unlock Payroll Periods
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Pay Date - Original: Pay Date in the system that corresponds to the base calendar set for the company.
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Pay Date - Actual: Pay Date in the system that corresponds to when the pay is actually posted. Sometimes different from Pay Date - Original due to holidays or other events.
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Period Start: First day of a payroll period. Loans with a Completed Date between this day and the Period Stop date will be included in the period's payroll.
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Period Stop: Last day of a payroll period. Loans with a Completed date between this day and the Period Start date will be included in the period's payroll.
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Period Status: Whether the period is Past, Current, or Future.
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Verification Due Date: Date all verifications should be completed for the Payroll Period.
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For more information, refer to Loan Compensation Verification Guide.
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See Also: