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

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.