Gross Pay Calculator

<< Click to Display Table of Contents >>

Navigation:  Payroll Module > Payroll - Further Topics >

Gross Pay Calculator

 

The Gross Pay Calculator is a Utility designed to calculate what gross pay an employee needs to earn to receive a specified net pay amount. The calculator is valid for single currency payrolls.  Rounding differences may give small cent variations. It is possible to use the utility for multi-currency payrolls but the results give approximations only.

 

To use the Gross Pay Calculator

go to 'Utilities','Business Maths', and then 'Grossing Up Calculator'

 

Utilities Business Maths

 

Once it has opened, a disclaimer page opens up , click on 'Yes' to continue after reading the message

 

Business Maths Confirmation

 

The Amounts Grossing-Up screen will pop up. This is the window in which you will be able to enter all the information and amounts that you need to Gross-up.

 

Use the ellipsis button to list and select the Employee to be considered.

Grossing up screen

 

For a single currency payroll:

- enter the net pay amount that you want to pay in the 'Desired Net (A)' field.  

- use the dropdown menu to select the 'Currency'.

- put a tick on 'Apply current Payslip Transactions' to insert the other Transaction Codes to be included for grossing-up.

- use the 'Insert' button to add all these Transaction Codes.

 

Grossing Up range selection

 

- Click on 'Calculate' to display the Gross Pay amount required, shown in the 'Grosswedup Amount (A)' field.

- Click 'Save Amounts' to transfer the grossed up amount into the Basic field in the Employee Master.

 

Saving Grossed up Amounts