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Change calculations from using the FTE Salary to the Actual Salary value

Follow these steps if you want to change the monthly, daily or hourly rate calculations from using the FTE Salary to the Actual Salary value.

Cristiana Ghinea avatar
Written by Cristiana Ghinea
Updated over 3 months ago

You can change how the monthly, daily and hourly rates are calculated by following the steps below:

  1. Go to Setup and click Settings.

  2. Click Calculators.

    • You will see on this page all calculators currently set up on your system.

  3. Click the relevant calculator to view the calculations set up for it.

  4. If employees have the pay type Salary selected, the below are the calculations you will need to edit:

    • Monthly Rate for Salaried Staff for the monthly rate

    • Daily Rate for Salaried Staff for the daily rate value

    • Hourly Rate for Salaried Staff for the hourly rate

  5. Click Edit next to the calculation you want to change.

  6. Change the parameters from [AnnualSalary] to [ActualAnnualSalary] or the other way around, as needed.

  7. Click Done and then Save.

Once you refresh the page and go to an employee's profile, in the Payroll tab, you will be able to see the changed rate.

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