5.7 Payroll Rounding Setup

5.7 Payroll Rounding Setup

Location: Payroll -> Payroll General Setting -> Payroll Rounding Setup

Payroll Rounding allows you to choose the nearest rounding figure and decimal point for all the values related to payroll. You can configure nearest rounding figure for information such as Basic Salary, Unit Rate, Daily Rate, Overtime and more.

There are several types of rounding decimal. You can select from the drop down list to suit your company preferences.

For "Item Rate", it is advise to select rounding to the "Nearest 4 Decimal" option because this rounding provide more accurate value. Thus, the "Decimal Point(s) for Display" should also be entered as "4" in textbox.

For "Item Total" and "Grand Total", you may select "Nearest 2 Decimal" option as this is the standard method to calculate for the total of amount value. Therefore, user shall enter "2" in the textbox under "Decimal Point(s) for Display".

 

For "Grand Total" item only for a table, it is advise to select "No Rounding" option and enter "2" value into the textbox under "Decimal Point(s) for Display".



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