Rounding

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Rounding

Belina PayrollHR gives ample opportunity of rounding an employee's pay.  It is possible to round:

•

every transaction code (where a number being processed ie. excluding HR transactions).

•

the net pay

 

The system always rounds upwards to the lowest denomination set up in the coinage table.  The amount advanced can be written off or recovered in the next period by placing a tick under 'Recover Rounded Amount'.  These settings can be setup in the coinage table.

 

The steps to be taken in rounding pay are as follows regardless of whether your staff are being paid by cash or not:

 

Step 1  

Go to the Coinage table enter the coinage denominations being used, ie. omit lower denominations below the rounding amount.

Step 2  

Go to each transaction code where rounding is to be applied and add a tick against 'Coinage Rounded'.

 

The amount advanced to round the transactions is not included in the tax computations.  Care should, therefore, be taken, that rounding does not advance significant amounts to employees.  This would not apply if rounded amounts are being recovered in subsequent periods.