Can someone please help me.
In version 12 that I am using, under the salary structure, there is no field for BASE SALARY (ie…where I can put annual gross salary before applying the formula on it to get the Monthly Basic)
Unlike in the previous version, for example, version 10, it has a base from which you can calculate your earnings.
For example, if i have an employee that earns 300,000 as annual salary.
If i want to get his monthly basic, it should be 300,000 divide by 12. Which will give me about 25,000.
If i create an earning component called basic, i will come to structure and add 25,000 as the employees basic earning.
But what am saying is that in the previous version, there was a field for BASE (for example annual salary of 300,000) from which i can now get monthly basic by saying:
Monthly Basic = BASE / 12 which translate to 300,000 divide by 12 = 25,000
Monthly Housing Allowance = BASE /12 * 0.02 which translate to( 300,000/12)2%
and so on.
There has always been an ANNUAL BASE from which we calculate the monthly earnings and deductions.
But in this version 12, it seems i need to do above calculation manually and input the 25,000 on my earnings component i created as BASIC.