1) Global Rates in Use
This report calculates some of the values using global rates that are hard-coded into the report.
- GB6 is ordinary Vacation Pay %
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)
Thus in GB6 it should be either 12 % or 10.2 %
- GB7 is Vacation Pay % for people who are above 60 years old. Currently it is always 2,3 %.
- GB10 is called in Norway as 1G amount. It is changed yearly on the 1st of May and should be updated in time.
2) Report Calculation Logic
- “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 the Entry Code.
3) Entry Code Calculation for "Feriepen avsatt"
Let’s check EC 001 Fast lønn (Fixed Wages) as an example that calculates "Feriepen avsatt in L63".
In the script below we can see that L63 takes into account Current Rate field (P46a) on the Constants tab.
In Current Rate field the value is picked up automatically from Global rates (GB). The fields is disabled for manual input.
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
