Regarding the computation, since this is a final pay for semi-monthly employees, you have two options. (1) You may convert the Basic Salary and the De Minimis (if any) from Daily Rate to Monthly Rate.
Current Daily Rate:
To convert here's the formula:
Basic Monthly Rate = (Daily Rate x Work Days Per Year)\ 12 months13,050 = (600 x 261)\12
De Minimis = (Daily Rate x Work Days Per Year)\ 12 months2,175 = (100 x 261)\12
The converted daily rate to monthly rate:
Alternatively, (2) You may set the final pay options to "Do not include." For all earnings and deductions, such as:
- Basic Pay
- Overtimes
- 13th - Month Pay
- Other Allowances
these amounts must be manually computed and uploaded via a one-time adjustment.
How to Set Up a One-Time Adjustment for a Specific Employee
For option number 2, prior processing, make sure that the 13th-month pay is excluded or set to "No" in Final Pay computation in Setup>Company>Profile>Final PayAnd that's it! Final Pay of resigned Daily Paid Employees is now processed!
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