Set up payday and salary proration

Payday.gif

 
Select payroll settings, click on Edit at payday information. In this page, you can set up the following information:
 

Payday Information

Period_Pay.gif
 
Pro tips:
The payday information is to define the monthly payday, the system will place this day in the payroll calendar serve as a reminder
 

Setting up mid-month payroll in Swingvy Payroll

Mid_Month_pay.gif

Activate the mid-month pay
Enable this function to activate the mid-month payroll in Swingvy
 
Choose mid-month pay date
The mid-month pay date is the date you would like to pay your employees, leave the default option as 15th of the month or choose other if is vary. 
 
Mid-month rate type
There are 2 options to choose from, by a fixed amount or by percentage.
 
Mid-month rate
  1. If the percentage was selected, the employee mid-month advance will the basic salary multiply by the percentage
  2. If the amount was selected, the employee mid-month advance will be fixed at the amount defined in the settings 
Compute statutory
With this option checked, statutory for mid-month advance will be calculated during the mid-month payout. The mid-month statutory is only for reference purposes, the final statutory amount will be computed during the month-end payroll.
 
Assignee
You may assign the employee with mid-month advance from the selection here or you may also include them in the employee profile.
 
Go to employee profile, bank and statutory and change the value in Pay Mid-Month to YE
 

Prorated Salary Calculation

This part of setting will enable the salary proration for employees who join or resign during the payroll period. The computation of the prorated salary can be defined as below:
 
Calculate.gif
 
  • All days
a total number of days in a month, e.g. May=31, June=30 ...
 
  • Working days
actual working days in a month, excluding weekend and holidays (definable in company calendar)
 
  • Fixed days
a fixed day will be used throughout the payroll computation)
 

HRDF contribution

Under PSMB Acts, certain categories of employers are liable to pay a Human Resource Development levy for each working employee at the rate of 1.0% of the monthly wages of the employee.
 
HRDF.gif

Have more questions? Submit a request
Was this article helpful?
0 out of 0 found this helpful