Recovery of Rounded Off Amounts 

Purpose

This component:

·        Rounds off the Net Pay wage type (/560) to a suitable denomination as configured by you.

·        Recovers the rounded off amounts from the Net Pay wage type (/560).

Features

·        The Rounding off & recovery of rounded amt payroll function (INROR) generates the following wage types:

¡        Recovery of round off amt wage type (/ROR) - This wage type stores the rounded off amounts of Net Pay wage type (/560) for a payroll period. The system generates this wage type during every payroll run including an off-cycle payroll run.

The cumulated values for this wage type, stored in the Cumulative Results Table, depends on the cumulation settings in table view Cumulation of Wage Types (V_T54C3).

¡        Rounding off adjustment wage type (/ROA) - This wage type stores the recovery of the rounded off amounts.

You have been provided with four types of recovery options:

§         Monthly

The system generates the Rounding off adjustment wage type (/ROA) during each of the regular payroll runs.

§         Annual

The system generates the Rounding off adjustment wage type (/ROA) in the first regular payroll run of the subsequent financial year.

§         Calendar Year

The system generates the Rounding off adjustment wage type (/ROA) in the first regular payroll run of the subsequent calendar year.

§         Indefinite

The system does not generate any Rounding off adjustment wage type (/ROA).

§         No recovery

The system does not round off the Net Pay wage type (/560).

The system does not generate the Rounding off adjustment wage type (/ROA) during an off-cycle payroll run. The system generates this wage type in an off-cycle payroll run only when the recovery option in the table view Recovery of rounding off amounts (V_T7INY1) is changed since the previous payroll run.

·        During a retrospective payroll run, the Recovery of rounded amount rule (INRR) brings forward the Rounding off adjustment wage type (/ROA) and the Recovery of round off amt wage type (/ROR) to the current period Results Table.

·        The system subtracts the value of the Rounding off adjustment wage type (/ROA) from the Net Pay wage type (/560). That is,

Net Pay wage type (/560) = Net Pay wage type (/560) – Rounding off adjustment wage type (/ROA)

The system then rounds off the Net Pay wage type (/560) to a suitable denomination as configured by you, to generate the Recovery of round off amt wage type (/ROR).

See also:

Recovery of Rounded Off Amounts Setup