A3.38 : Payroll : What is the difference between Previous Employment Entry and Year To Date Payroll Transaction?
Question : What is the difference between Previous Employment Entry and Year To Date Payroll Transaction?
Answer :
> Previous Employment Entry is to keep past payroll records (with other employers within the same year) for a newly joined employee.
> E.g : Employee A joined this company on 1st June 2020.
> Previous Employment Entry need to be filled in with payroll record for Employee A from January to May 2020 if she/he was employed.
> These records are important and compulsory to produce accurate calculation of PCB for subsequent payroll in current year.
> Year To Date Payroll Transaction is to keep payroll records of the past months in the same year.
> E.g. A company has just started to use AutoCount Payroll (or switched from other software) on 1st June 2020, payroll for the past 5 months (January – May) were processed using other software or manually.
> You must import all the payroll records from January to May using Year To Date Payroll Transaction excel import function.
> These records are important and compulsory to produce accurate calculation of PCB for subsequent payroll in current year.
--Source from AutoCount Wiki --
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