Incorrect Salary Calculation

[sandrad]

Having a problem with the calculation of salary employees. We are on a Semi-monthly pay schedule so the payperiods are set up as semi-monthly. However, when configuring the wage tab for the employee there is no semi-monthly option so I was forced to select the bi-weekly option which then calculates the salary incorrectly by adding the difference between bi-weekly and semi-monthly to the paystub.

ie: employee salary $1500 semi-monthly - statement of earnings and deductions shows $1625 or an increase of $125/pay period. This $125/pp equates to the difference of 24 and 26 payperiods in a year or $3000.

pay_stub-9.pdf

Regular time on this pay stub should be $1500 but an additional $125 has been added

(39.09 KiB) Downloaded 234 times

Is there a different way to configure a semi-monthly salaried employee?

We are on the Cloud Professional Hosted Edition. Thank You!

[shaunw]

Because you are not using the Community Edition, please email support@timetrex.com, we are better able to assist you that way.

[jairo]

Hello all.
Can you make a public posts for the solution, because I am having the same problem as described by sandrad.

Thank you in advance.

[shaunw]

The solution in this case is to enter the wage as an Annual amount (Semi-Monthly Amount * 24) instead.