Process Transactions

This topic shows how to process transactions for all employees in a manual pay.

You are in Transaction View for a manual pay.

1. In the Employee View area, click the Details or Totals header to select all employees.

   

2. Press F9.

   A Process Complete box appears.

   

3. Click Yes to view the audit log.
4. Check that processing was successful.

   PayGlobal

   PAYROLL PROCESSING PROCEDURES Audit Log (v1.1)

   TREETOP LIMITED User:SUPER

   Started on Friday, August 16, 2013, at 03:29:02 PM Ver:4.9.0.0R

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   1 Number of threads being used to process with: 8 (Calculated for WRK-0527)

   2

   3 Settings

   4 --------

   5

   6 Type : Both

   7 Process : All Transactions

   8 Detailed Log : No

   9 Leave Warnings : Yes

   10 Export Audit Log :

   11 Pay sequences : 195

   12

   13

   14

   15 Pay Sequence # 195 processing procedures COMMENCED

   16

   17 -------------------------------------------------------------------------

   18 Processing using New Zealand Tax Rules *From* April 2013

   19 -------------------------------------------------------------------------

   20 Calculating Gross up for : Fletcher, Alan Arthur (1175)

   21 Seq Date Period Description Type Gross

   22 ****************************************************************************

   23 194 07/04/2013 W Weekly W 1442.31

   24 192 31/03/2013 W Weekly W 1442.31

   25 191 24/03/2013 W Weekly W 1442.31

   26 190 17/03/2013 W Weekly W 1442.31

   27 ****************************************************************************

   28

   29

   30 Calculating assuming a Weekly pay period type

   31 Total Gross for all pays closed with a pay seq date after 10/03/2013 amounts to 5769.24

   32 This is then multiplied by 13 to calculate a Gross Up of 75000.12

   33

   34 Processing 1175 Fletcher Alan Arthur

   35 Related closed pay sequences (194): Taxable Gross = $1,442.31, PAYE = $301.35, Earner Levy = $24.51

   36 Calculating Gross up for : Smith, Michael (1067)

   37 Seq Date Period Description Type Gross

   38 ****************************************************************************

   39 194 07/04/2013 W Weekly W 2019.23

   40 192 31/03/2013 W Weekly W 2019.23

   41 191 24/03/2013 W Weekly W 2019.23

   42 190 17/03/2013 W Weekly W 2019.23

   43 ****************************************************************************

   44

   45

   46 Calculating assuming a Weekly pay period type

   47 Total Gross for all pays closed with a pay seq date after 10/03/2013 amounts to 8076.92

   48 This is then multiplied by 13 to calculate a Gross Up of 104999.96

   49

   50 Processing 1067 Smith Michael

   51 Related closed pay sequences (194): Taxable Gross = $2,019.23, PAYE = $491.73, Earner Levy = $34.32, Student Loan = $198.24

   52

   53 Pay processing procedures SUCCESSFUL (2 filtered employees)

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   Number of lines : 53 Filename : Payroll_Processing_Procedures__SUPER_232.TXT

   Completed on Friday, August 16, 2013, at 03:29:09 PM

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   Exolvo calculates the employee's grossed up amount by multiplying their pay for the previous four weeks by 13 to gross up the pay to a full year. It then adds any allowances, such as bonus or retirement allowances in the current pay.

   Note: Exolvo requires at least four historical pays to correctly calculate the grossed up annual amount.

   Finally, Exolvo adds the employee's extra pay amount to their grossed up annual amount. If the total places the employee in the income range for a higher extra pay tax rate, then it taxes the employee at the higher rate so they do not have a large tax bill at the end of the tax year.

5. Press Esc to return to Transaction View.

   Sales employees now have $100 bonus payments.

   

Topic: 23356