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Problem

At the end of the year, employees receive a bonus or 13th month. Instead of paying all premiums and taxes (according to the table special payments) in December, you want the tax and premiums spread out over 12 months.

You will get to see 1/12 of the bonus each month on the salary slip without getting the payment, but you do pay tax on it. In the middle of December, the nett bonus paid.

Solution

You have to reserve the bonus. You do this by adding monthly 1/12 of the bonus to the salary, calculate tax and premiums and then deduct the nett bonus amount from the salary.

STEP 1

You will need to create 2 new wage codes ("Company info & options" > "Wage codes" > "Add new wage code":

For example:

Code Name: RB1
Description: Bonus this month
Code type: Normal wage
Calculation: 1/12 of the bonus. This can be a percentage of the salary, a fixed amount, or amount to be determined later.
Books: Credit

and

Code Name: RB2
Description: Bonus balance
Type Code: Non disclosed wage component (deduction)
Calculation: MINUS (-) 1/12 of the bonus.
Books: Debit

Note: Choose can choose a wage code and description of your liking.

STEP 2

Then book your two pay codes in the "Fixed wage components" on the "Wage" tab to make automatic monthly reservations.

STEP 3

In December you book at "Mutations" (possibly in an "Extra" run) wage Code RB2 with the total amount of the accrued bonus as credit. Click "Cancel" if you get the warning that the amount to be negative.