This articles explains the logic of the standard, in-build, payroll report called Leave Pay Statement
Leave Pay Statement (or Vacation pay)
Expandsection | ||
---|---|---|
| ||
1) This report calculates some of the values using global rates displayed below:
a) For 5 weeks of Vacation a person earns 12 % of Vacation Pay (most of the companies prefer to use this %). b) For 4 weeks and 2 days of vacation a person earns 10.2 % of Vacation Pay (not so often used) c) Thus in GB6 it should be either 12 % or 10.2 %
|
2) This is the example of the report:
- “Leave pay” and “Leave Pay Over 60 years” columns are calculated using GB6, GB7.
- “Leave Pay Over 60 years” column takes into account the 6Gs rule: if the person earned more vacation pay than GB10 * 6, then Leave Pay Over 60 years will not be calculated using extra percent in GB 7 – 2,3% and in total it will be 12% instead of 14.3 %.
- Feriepen avsatt takes the value from L63 on EC.
let’s check EC 001 Fast lønn (Fixed Wages) in Klovning database
- In the script below we can see that L63 takes into account Current Rate field (P46a) on the Constants tab.
- In Current Rate field customers should input values manually.
e.g. For vacation pay under 60 we use GB6 (12%) – 0.12000
e.g. For vacation pay above 60 we use GB6 (12%) + GB 7 (2,3 %) and thus we get 14,3% - 0.1430