FastTrack360 Version 12 Online Help

Deduction Rounding

Description

Where a country has rounding of more than 2 decimal places at the Country Hierarchy, this also has been applied to deductions. This means that percentage based deductions are calculated to more than 2 decimal places. This causes rounding discrepancies in reports.

The system will now round gross and net deductions that are not statutory deductions to 2 decimal places. It will round up where the 3rd decimal is 5 or above. For example, if the deduction is determined to be 6.005, the deduction value will be 6.01.

Benefits

Avoids rounding discrepancies between reports, payslips and output files.

Configuration

None.

Related pages

Classification-Public