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Q&A: Your Questions are answered by KwikPayLite Experts, below.
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Question 1:
What is the purpose of 'Salary Calculation Type' in Employee PayScale profile?
Answer:
The 'Salary Calculation Type' is used for calculating salary for a period less than 1 month. Example, if an employee has
joined your company during the middle of the month, you need to calculate the salary for part of the month. In this case
set the 'Salary Calculation Type' to 'Part' and in the Attendance profile enter the number of days he was not working. On
processing the salary for the month, the various Earning will be calculated only for the days the employee has worked.
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Question 2:
I have already processed the salary for a particular month, if I want to make some changes how can it be done?
Answer:
If the changes need to be carried out for many employees, you can use the Action feature 'Undo' to delete the salary records
for the salary and again re-process the salary for the month.
If you have change the salary only for a few employees, then select that employee's record and use the modify feature
to re-calaculate the salary, rememeber to change the 'Salary Status' to 'To Calculate'.
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Question 3:
After the Salary is processed, which are the profiles that are updated automatically?
Answer:
On saving the salary data, KwikPayLite will update the necessary Business Elements in the profiles Salary Abstract,
PF Accounts & PF Abstract.
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Question 4:
How the PF deduction take place in KwikPayLite?
Answer:
The PF Deductions is calculated based on the Std PF% on the sum Basic Pay & DA. The sum of Basic & DA is subject
to a maximum of the 'Std PF Limit'. Voluntary PF if any is included to this amount.
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Question 5:
Is it necessary to enter attendance data for all the employees to processing the Salary?
Answer:
No, KwikPayLite allows you to decide if Attendance Calculation is required for working out the salary
of your employees. In 'Employee PayScale' profile, just set the Business Element 'Attendance Calculation' to
'Applicable' or 'Not Applicable', by default it is set to 'Applicable'.
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