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spay:procguide:finproc_fiscal [2020/09/06 04:55] mclement |
spay:procguide:finproc_fiscal [2021/07/18 23:10] (current) mclement |
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{{:spay:procguide:yearly_params_2020_2021_all_ini.png|}} | {{:spay:procguide:yearly_params_2020_2021_all_ini.png|}} | ||
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- | Should you need to amend the values follow the steps below: | ||
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- | * Step 4: Modify the values where applicable | ||
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- | * Step 5: Click **Save** on the toolbar | ||
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- | * Step 6: Click **Back** on the toolbar to proceed | ||
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- | ===== PAYE Withholding Scale ===== | ||
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- | Verify the withholding scale for fiscal year 2021 as shown below. | ||
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- | If the record is missing use the following steps: | ||
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- | * Step 3: Click **Update PAYE Withholding Scale** icon | ||
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- | * Step 4: Add the new scale at the end of the list | ||
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- | * Step 5: Click **Save** on the toolbar | ||
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- | * Step 6: Click **Back** on the toolbar to proceed | ||
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- | {{:spay:procguide:paye_witholding_scale_2020_2021_3.png|}} | ||
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- | **<fc #ff0000>Important: Do not remove the previous years' scales.</fc>** | ||
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- | ===== EDF Category ===== | ||
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- | To view the EDF category, use the following steps: | ||
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- | * Step 1: Go to Fiscal Procedures | ||
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- | * Step 2: Click Fiscal Procedures icon | ||
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- | * Step 3: Click **Update EDF Categories** icon | ||
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- | * Step 4: View EDF categories | ||
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- | {{:spay:procguide:edf_category_2020_2021.png|}} | ||
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- | ===== Employee EDF ===== | ||
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- | To view the employee EDF, follow the steps below: | ||
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- | * Step 1: Go to Employee | ||
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- | * Step 2: Click Employee EDF | ||
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- | * Step 3: Click Apply | ||
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- | {{:spay:procguide:employee_edf_view1_2020_2021_1.png|}} | ||
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- | The IET have been automatically updated as per Income Exemption Threshold 2020-2021 | ||
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- | {{:spay:procguide:employee_edf_view2_2020_2021.png|}} | ||
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- | ===== Employee EDF - Manual EDF Adjustment ===== | ||
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- | **<fc #ff0000>An EDF adjustment is performed only if there is a change in the Total Exemption amount.</fc>** | ||
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- | To perform a manual EDF adjustment repeat above steps 1 to 3 | ||
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- | * Step 4: Select Employee | ||
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- | * Step 5: Record the adjustment as follows: | ||
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- | * **Adj. No.:** Remove 0 and insert 1 for the first EDF adjustment of the current fiscal year, press Enter or Tab | ||
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- | * **3.1 IET:** Remove IET amount and insert 0, press Enter or Tab | ||
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- | * **3.2 to 3.9:** Remain 0. Columns are not editable since the MRA requested only the Total Exemption amount | ||
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- | * **Total Exemption Amount:** Insert the Total Exemption amount as per employee EDF form, press Enter or Tab | ||
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- | * **E.D.F Date:** Insert EDF adjustment date of the current month, press Enter or Tab | ||
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- | * **Periods left:** Displays automatically the number of months left in the current fiscal year starting July, for which the Tax Deduction Adjustment will be applicable, press Enter or Tab. | ||
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- | * **Tax Ded. Adj.:** Displays automatically the difference between the Total Exemption amount and the Previous Total Exemption amount | ||
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- | * Step 6: Click Save button on the toolbar | ||
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- | The Tax Ded. Adj. can either be positive or negative depending on the difference between the Total Exemption amount and the Previous Total Exemption amount | ||
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- | {{:spay:procguide:employee_edf_adj1_2020_2021.png|}} | ||
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- | {{:spay:procguide:employee_edf_adj2_2020_2021.png|}} | ||
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- | ===== Employee EDF - MRA EDF Import ===== | ||
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- | **<fc #ff0000>To perform the import of the MRA E-EDF Excel file, you must download the file from the MRA website. Ensure the file is valid and contains the necessary information. Should you need assistance please contact the MRA.</fc>** | ||
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- | {{:spay:procguide:mra_e-edf_excel_2020_2021.png|}} | ||
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- | To perform the import, use the following steps: | ||
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- | * Step 1: Go to Import/Export | ||
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- | * Step 2: Click Imports icon | ||
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- | {{:spay:procguide:import_export_import_2020_2021.png|}} | ||
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- | * Step 3: Double-Click **MRA EDF** | ||
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- | * Step 4: Choose the criteria as illustrated below: | ||
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- | * **Company**: Choose the company from the list | ||
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- | * **File path**: Browse the file location of the downloaded MRA E-EDF Excel file and select the file | ||
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- | * Step 5: Click Import button on the toolbar | ||
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- | {{:spay:procguide:mra_e-edf_import_criteria_2020_2021.png|}} | ||
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- | ===== Employee EDF - MRA EDF View imported data ===== | ||
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- | * Step 1: Go to Employee | ||
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- | * Step 2: Click Employee EDF | ||
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- | * Step 3: Click Apply | ||
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- | {{:spay:procguide:employee_edf_view1_2020_2021_1.png|}} | ||
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- | * Step 4: Select Employee | ||
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- | * Step 5: View the imported MRA EDF data as illustrated below - Scroll to the right-hand side of the adjustment menu to view till the end of the record | ||
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- | {{:spay:procguide:employee_edf_view_mra_edf_imported_data1_2020_2021_2.png|}} | ||
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- | {{:spay:procguide:employee_edf_view_mra_edf_imported_data2_2020_2021.png|}} | ||
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- | {{:spay:procguide:employee_edf_view_mra_edf_imported_data3_2020_2021.png|}} | ||
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- | {{:spay:procguide:employee_edf_view_mra_edf_imported_data4_2020_2021.png|}} | ||
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- | ===== Employee EDF - MRA EDF Import (New Recruit) ===== | ||
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- | **<fc #ff0000>When a new recruit's EDF data has been imported using the MRA E-EDF Excel file, it is compulsory that you go through his EDF record on the system to ensure additional flags are activated e,g First Employment Flag.</fc>** | ||
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- | * Step 1: Go to Employee | ||
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- | * Step 2: Click Employee EDF | ||
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- | * Step 3: Click Apply | ||
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- | * Step 4: Scroll to the right-hand side of the menu to view till the end of the EDF record | ||
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- | * Step 5: Activate the First Employment Flag (if needed) | ||
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- | {{:spay:procguide:employee_edf_new_recruit1_2020_2021.png|}} | ||
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- | {{:spay:procguide:employee_edf_new_recruit2_2020_2021.png|}} | ||
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{{skb:link.png}}[[:spay:procguide:finproc_returns|Verification prior to Financial Returns]] | {{skb:link.png}}[[:spay:procguide:finproc_returns|Verification prior to Financial Returns]] | ||
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- | ===== NPF Ceiling July 2020 (Automatic Payroll Adjustment in August and Arrears in July) ===== | ||
- | To verify the automatic adjustment and arrears performed by the system, click the following link: | ||
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- | {{skb:link.png}}[[:spay:procguide:finproc_NPF Adj Arr|Automatic Adjustment in August and Arrears in July]] | ||