Update the Organisation's Round Net Pays Option
May 23, 2024
980
Select Organisation.
Select Pay Run Settings.
Change Round Net Pays as required.
- No Rounding:
- EFT: NO rounding occurs.
- FAST-Bank: NO rounding occurs.
- Cash: Round to the nearest lower 5 cents (e.g. If 36 cents, round to 35 cents OR if 32 cents, round to 30 cents).
- Round to the nearest lower whole dollar:
- Regardless of the Payee's Payment Method, all cents are reported in PAYGW.
- Example - If the Net Pay amount is $434.86, 86 cents will be added to PAYGW. Net will be reduced to $434.00.
- Regardless of the Payee's Payment Method, all cents are reported in PAYGW.
- Round to the nearest lower whole dollar (if PAYGW applicable):
- Regardless of the Payee's Payment Method, If PAYGW is applicable, all cents are reported in PAYGW.
- Example - If the Net Pay amount is $434.86, 86 cents will be added to PAYGW. Net will be reduced to $434.00.
- Example - If PAYGW = $0.00, then NO rounding occurs.
- Regardless of the Payee's Payment Method, If PAYGW is applicable, all cents are reported in PAYGW.
Select Save.
