Cloud Payroll - Payroll : How to transfer the exceeded Overtime hour to allowance using fixed rate per hour?
Question : I have set limit Overtime hour to 104 hour. How to transfer the exceeded Overtime hour to allowance with the same rate of 1 hour = RM 5.00?
You must create a new Allowance code and set an allowance formula for that purpose.
1) Go to Tools > Allowance.
2) Click on Add New button.
3) Maintain Allowance Code and Description, then click on Formula to set Allowance Formula.
4) You may set the formula as per below.
IF (OVERTIMR FOR WORKED DAYS > 104)(OVERIME FOR WORKED DAYS – 104 ) x 5 ELSE 0
Prepared by Aisyah 210618, Azirah 210621, P210625
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