Announcements for Payroll and OTL can now be found in the Announcements - Payroll and OTL - EBS (MOSC) subcategory. Follow to be sure you don't miss a thing!
Doubt on Proration Logic in Net to Gross element
Hi Everybody,
We have created a net to gross element (recurring) with DEFAULT_GROSSUP as iterative formula with Gross_up, Iterative_flag and Process_separate flag checked along with standard 'CALC_GROSSUP_PAY_VALUE' formula.
However, the Oracle is prorating the pay and we are unable to workout the logic it is following for proration. Below are the details of calculation.
Period - August Month, Employee works 5 days a week.
Amount = £1000
Interpolation = 0.01
When we entered the element as of starting of the period (1st April 2018), the Gross Pay and net pay worked out correctly as below:
Gross Pay = £1724.08,
Deductions:
NI A = £34.48