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
Get Started with Redwood for Oracle Cloud HCM   Begin Now

Benefits deduction monthly amount is off by a cent

Received Response
61
Views
2
Comments
in Payroll and Global Payroll Interface (GPI) 2 comments

Summary:

I have a question on the benefit deductions. In semi-monthly pay period, benefits is sending the monthly amount of 19.75 as a element entry. Pay calc convert that into pay period amount of 9.88 (rounding) in each pay period. That will make a total of 19.76 in two pay periods in a month, which is off by a cent.

Has anyone implemented any solution in the configuration to get around this ?

I am aware that you can adjust that cent in the fast formula. That approach leads to modifying all the benefit elements fast formulas and it gets little complicated with partial deduction/arrears.

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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