Year-end Bonus

General support regarding TimeTrex, such as
configuring policies/taxes or processing payroll.
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antonb
Posts: 5
Joined: Mon Apr 27, 2020 3:09 am

Year-end Bonus

Post by antonb »

Is there a way to calculate the year-end bonus and schedule the posting of the employee earning say on the 2nd week of December? I tried doing this on the Pay Stub Amendment page but I can't find a way to use the YTD regular pay as a factor in the calculation.

We are using this simple math:
  • 13th month pay = YTD regular pay / 12

shaunw
Posts: 7670
Joined: Tue Sep 19, 2006 2:22 pm

Re: Year-end Bonus

Post by shaunw »

Pay Stub Amendments are for manually calculated fixed amounts or basic percent amounts. These can also be imported from Excel/CSV too of course.

If you are looking for more advanced calculations you can use Payroll -> Tax/Deduction records for that.

antonb
Posts: 5
Joined: Mon Apr 27, 2020 3:09 am

Re: Year-end Bonus

Post by antonb »

I see. In this case, we'll just simply do the math externally and import the values to the Pay Stub Amendments page.

Thanks for the suggestion shaunw!

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