How does the salary calculate calculate the daily rate

Owned by Knowledge Assistant
Last updated: Jul 14, 2023
1 min read





Description of Issue

How is Munis calculating the daily rate showing on the proof report for the Salary Calculate in my Salary and Benefit Projection?



Context

  • Munis

  • Payroll

  • Salary and Benefit Projections

  • Projection Start and Status

  • Salary Calculate



Cause




Resolution

Munis calculates the daily rate on the salary calculate proof as follows:

  1. The Annual pay from the Salary Calculate record divided by Days/Year field of the Employee Job/Salary record. Annual Salary / (Days Per Year) = Daily Rate

    1. From Projection Start and Status, click Employee Job/Salary. Search for the employee and base pay. Note the Annual Salary and the Days/Year field. 

  2. If the Days/Year field isn’t populated, Munis will determine the number of days for the year by taking the Hours/Year field divided by the Hours/Day field in Employee Job/Salary, then divide the Annual Pay by this figure. Annual Pay / (Hours per Year / Hours per Day) = Daily Rate

  3. If these two fields are not defined, Munis will then take the Days/Period multiplied by the Num Pays in Employee Job/Salary. Annual Pay / (Days/Period * Num Pays) = Daily Rate



Additional Information