Learn about Redwood and be one of the first to join the conversation

Visit Redwood Community
Payroll Earning and Deduction Proration Requirement — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Payroll Earning and Deduction Proration Requirement

Received Response
15
Views
2
Comments

Summary:

Hi All,

We have a requirement to prorate the earning and deductions based on 30 days per month, irrespective of number of days in a month.


For instance, a new hire joined on 10th Jan 2022. Assuming a recurring earning element is having the pay value of 3000.

as the new hire joined on 10th Jan, the 3000 amount will be prorated as below,


Prorated amount = (3000/31)*22, where 31 is the number of days in January and 22 is the prorated days as he joined on 10th Jan.


Similarly for new hire joined on 10th Feb 2022 will be computed as


Prorated amount = (3000/28)*19, where 28 is the number of days in February and 19 is the prorated days as he joined on 10th Feb.

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!