Page 1 of 1

Year-end Bonus

Posted: Thu May 07, 2020 6:09 pm
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

Re: Year-end Bonus

Posted: Fri May 08, 2020 7:49 am
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.

Re: Year-end Bonus

Posted: Sat May 09, 2020 6:46 pm
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!