Payroll

How does payroll work?

Payroll will be generated based on your tracking. You can generate payroll using two different salary methods.

• Hourly Rate

• Fixed Salary

Hourly Rate:

We generate the hourly rate in the following way.

Calculation:

Example: If a user tracked 25 hours and 17 minutes (1,517 minutes) in one week, and the hourly rate is 22, then the calculation will be:

Salary for 1 min = Hourly rate/60 min = 22/60 = 0.3666

Salary for 1,517 minutes (Total Payable Time) = Salary of 1 min = 0.3666 * 1517 = 556.13 = $557 (Payment amount)

If the adjustment amount is positive, add it to the total payment amount. In the above example, the adjustment amount is 5 so total payment amount shall be: $557 + 5 = $562.

Note: If the adjustment amount is negative, subtract it from the total payment amount. For example: $557 - 5 = $552.

Fixed Salary:

The user will receive a fixed salary on a monthly basis if their adjustment amount is 0. You can set the fixed salary option from the Edit Payroll slider screen.

Calculation:

Example: If the user's fixed salary is $500, their payment amount will be $500. However, you can set an adjustment amount.

If the adjustment amount is positive or negative, add or subtract it from the total payment amount accordingly. In the example below, the adjustment amount is (-8), so the total payment amount shall be: $500 – $8 = $492