Setup Divisors
A divisor is sometimes required in payroll systems for calculating the hourly rate from an annual salary amount which takes account of leap years and/or working day cycles. The higher the divisor the lower will be the weekly wage.
iPayroll built-in Pay Rate Divisors
per annum
iPayroll will divide the Salary $ by 52 weeks, then it will divide by Full-Time hours per week.
pa (GOVT: 14/365th's)
iPayroll will divide the Salary $ by 365 days per annum, then multiply it by 7 days per week, then divide by Full-Time hours per week to give the hourly rate.
Add a new Pay Rate Divisor
Select the '+Add' button to add a new Divisor.
Add the number of days the annual salary amount will be divided by and a description, then tick to save.
You will now be able to select your new Divisor on a persons 'Personal Details' under their Pay Rate.
Related Articles
Pay Scales - Setup
What are Pay Scales? A Pay Scale is a step within a compensation structure that defines and determines the amount of pay an employee will receive. The Pay Scale is generally defined by the level of the responsibilities performed within the job ...How can I setup iPayroll to interface with Xero?
The iPayroll interface with Xero is really easy to set up. In iPayroll go to the 'Setup' menu then 'Interfaces' and connect iPayroll to Xero. You then add all the payroll chart of account codes from Xero to iPayroll under 'Costing/GL, when adding ...Watch: Setup Timelogs
New Payment Method - ANZ Customers
New Payment Method - ANZ Fileactive Service We have a new payment method for our ANZ customers which uses ANZ’s Fileactive service. The Fileactive service is a direct connection between iPayroll and ANZ, which initiates payroll transactions directly ...New Payment Method - BNZ Customers
BNZ File Transfer Channel BNZ no longer provide payroll letters of credit (PLOC’s) as a result of their move to 7-day payment processing. Therefore, we now have a new payment method with BNZ customers which uses BNZ’s File Transfer Channel function ...