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Status Will not implement
Created by Thandiwe Khoza
Created on Nov 17, 2022

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Medical aid auto calc even contributions for periodic pay frequencies.

Hi There,

It is possible for users to have the medical aid transaction to auto calculates the weekly 5th week / 3rd fortnightly evenly according to the monthly contribution of the employee.


e.g. Monthly medical aid contribution = R2000

A 4 week month to be spread evenly in R250 contributions.

A 5 week month to be spread evenlY in R200 contributions.

The same would apply to fortnightly employees

The transaction would need to have a total contribution/balance of the monthly contribution then the formula would auto calculate the contributions according to the weeks/bi-weeks in the month.

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  • Admin
    Johann Steenkamp
    Reply
    |     Sep 27, 2023

    This can be achieved with the existing formula engine for the ad-hoc request and considering this is not the norm but rather a special request and that the formula engine is sufficient, it will not be implemented into code.