SmartFusion Modules > Payroll > Maintenance > Special Maintenance > Reset/Zero Fringe Ratio

Recent Changes:  
6.96
- Corrected logic when resetting the fringe ratios. 
- Added new functionality to only calculate for pay types configured as eligible to compute fringe ratios.
- Added error message if a user attempts to update without checking either check box.
- Refactored form and data pull to coding standards.

Introduction

This screen updates fringe ratios on the Enter/Edit Employee Master Salary Accounts tab. There is no report that prints when performing this update.

Details

Fields

  • Enter period to report - This date range will be used to grab records based on the pay date in Labor History.
  • Reset fringe ratios
  • Zero fringe ratios - checked and disabled if "Reset fringe ratios" is checked.
  • Include all (Classes, Locations, Departments, Employees, Pay Groups, Categories, Salary Class)

Options

Reset fringe ratios - Only pay types configured as "Eligible to compute fringe ratios" on the Pay Type parameter form will be used to calculated the new ratios. All other types will be zeroed.

Zero fringe ratios - Fringe ratios for all pay types will be set to zero.

At least one box must be checked. If neither box is checked, an error message will be displayed.

Formula

The fringe ratios will be calculated using the following formula:

FringeRatio= PostingAmount/TotalPostingAmount

The total fringe ratio of all pay types should never exceed 1.0.

Example:

We have two pay types that are eligible for fringe ratio. The total sum for the period specified on the form for both pay types is $500.

Pay type 1 makes up $100 of the $500. It would calculate $100/$500= 0.2000 Fringe Ratio.

Pay type 2 makes up $400 of the $500. It would calculate $400/$500=0.8000 fringe ratio.

Total fringe ratio equals 1.0

All posting amounts used in the formula come from Labor History (pr161). The dates on the form will be used to filter the amounts based on the pay date.