This page (revision-19) was last changed on 07-Jul-2022 01:31 by admin

This page was created on 07-Jul-2022 01:31 by admin

Only authorized users are allowed to rename pages.

Only authorized users are allowed to delete pages.

Page revision history

Version Date Modified Size Author Changes ... Change note
19 07-Jul-2022 01:31 1 KB admin to previous
18 07-Jul-2022 01:31 1 KB admin to previous | to last
17 07-Jul-2022 01:31 1 KB admin to previous | to last
16 07-Jul-2022 01:31 1 KB admin to previous | to last
15 07-Jul-2022 01:31 1 KB admin to previous | to last
14 07-Jul-2022 01:31 1 KB admin to previous | to last
13 07-Jul-2022 01:31 1 KB admin to previous | to last
12 07-Jul-2022 01:31 1 KB admin to previous | to last
11 07-Jul-2022 01:31 1 KB admin to previous | to last
10 07-Jul-2022 01:31 1 KB admin to previous | to last
9 07-Jul-2022 01:31 1 KB admin to previous | to last
8 07-Jul-2022 01:31 726 bytes admin to previous | to last
7 07-Jul-2022 01:31 370 bytes admin to previous | to last
6 07-Jul-2022 01:31 343 bytes admin to previous | to last
5 07-Jul-2022 01:31 357 bytes admin to previous | to last
4 07-Jul-2022 01:31 350 bytes admin to previous | to last
3 07-Jul-2022 01:31 490 bytes admin to previous | to last
2 07-Jul-2022 01:31 266 bytes admin to previous | to last
1 07-Jul-2022 01:31 15 bytes admin to last

Page References

Incoming links Outgoing links
Net Pay Help
Net Pay Help

Version management

Difference between version and

At line 4 changed one line
! [A PowerLink Solution:|https://www.yearonesoftware.com/www/PowerLink|target='_blank'] \\Payroll calculations in Net Foreign Currency
! [A PowerLink Solution:|https://www.yearonesoftware.com/www/PowerLink] \\Payroll calculations in Net Foreign Currency
At line 6 removed one line
%%columns
At line 10 removed one line
target='_blank'
At line 12 changed 35 lines
----
[{Image src='LeftMenuFooter/netpaydiag.jpg'
link='attach/LeftMenuFooter/netpaydiag.jpg'
alt='Net Pay Solution Diagram'
target='_blank'
}]
/%
!!Net Pay in Foreign Currency
The Net Pay in Foreign Currency solution runs in PowerLink, with Attache Payroll, reading the Attache Timesheets, calculating Tax & GrossUp and updating the timesheets. This
keeps all the reporting information in the Payroll itself, including
the exchange rate used for calculations marked as a comment on the
timesheet as a permanent record.
%%columns
!! NET Pay Expat Contracts
Net Pay in Foreign Currency is often challenging to manage.
For example, paying an Australian Expat worker in Papua New Guinea with a contract negotiated in Net Australian Dollars…
----
!! Currency at current rate
First, it is necessary to represent the AUD amount in PGK (PNG Kina). \\ \\ PNG Tax needs to be reported in PGK, so it makes sense to hold and calculate the payroll in PGK.
----
!! Grossup & Reporting
Then, we can calculate the tax to be paid on the Net amount in PGK,
and apply the correct Tax, GrossUp and Exchange Rate comment to the
timesheet. \\ \\ Finally, we can pay to multiple bank accounts in different currencies and email/print/PDF Payslips in dual currency.
/%
Net Pay Solution written by Geoff Tollefson (2005-2020) and Paul Kelly (2015-2020)
\\ \\ \\ \\ \\ \\ \\ \\ \\ \\
This page (revision-19) was last changed on 07-Jul-2022 01:31 by adminTop