Cloud Payroll - How to make Overtime rate rounding to two decimal point?

Question : How to make Overtime rate rounding to two decimal point?

Currently the overtime rate will be shown in four decimal point.

To make it become two decimal point, you are required to do some adjustment on overtime table.

Answer

1) Go to Tools > General Maintenance > Overtime

2) Select the overtime you wanted to edit with

3) Click edit and select Rate (Formula)

4) Kindly input formula as below and save. You need to add the ROUND ( (XXXX),2) in each OT rate.

Example 1.0x daily rate

ROUND ( ( BASIC RATE/26/8 ) , 2 )

br>5) Go to Employee Maintenance > Employment Detail > Overtime. Select the overtime created just now.

br>6) Now the rate will be showing in two decimal points.

Prepared by Chen Ong 220315, Azirah 220315, P220327

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