The below explain the steps on how to setup user-definable method for Salary, Overtime, and Paid/Unpaid leave.
Step 1: Go to Settings > Company Setup, under Time-sheet tab, click on Default Calendar Days and you will be able to view the Time-sheet Policy.
Step 2: Select Default – Calendar Days or click Edit to View Time-sheet Policy, you will find the new setup option for Pro Rata Basic Salary which contains the new options with Calendar Days, Working Days and Fixed Days.
You can choose the method which applicable based on your company policies to set the calculation method for eligible days, for employee who services incomplete months. You can also set the calculation method for overtime, encashment of unutilized annual leave, or unpaid leave.
Step 3: After saved the Time-sheet Policy, you may scroll down to the bottom where you can see the setup for Overtime Pay, click Edit button to select the payment rate for Normal Overtime, Day Off Overtime and Holiday Overtime.
Make sure you select the correct daily and hourly rate. You can type in the rate with two decimals value.
If you create different time-sheet policy for different employee, you need to also assign the particular time-sheet in Employee Profile.
Step 4: In Employee Profile, select your employee and update the Payroll Policies under Contract.
After setup the calculation method, you may proceed with your month salary calculation as usual.