Ideas Portal
Pension contributions are being calculated on Staffology based on the data migrated from IPP software however there are rounding differences - we have noticed when running payrolls parallel on each system, that the pension contributions [employee and employer] can be calculated with a few pennies or pound differences by Staffology when comparing what has been calculated in the background on IPP.
The system rounds up so I have to manually change the basic pension contribution each time. 4% x 80 % x ?2,391.67 = ?76.53344 which I would round to ?76.53 whereas Staffology rounds to ?76.54.
Our pension provider does a check of pension contributions on each submission and rounds down so it doesn’t agree if I don’t make the manual change. This means having to manually change the figures each time.
We also experienced this and the systems we were migrating from were Iris products Earnie IQ and Cascade. I cannot understand why there would be different rounding rules in products from the same provider?
I have noted this as well. When doing parallel runs, I am often having to change half of the EEs on the payroll by pennies. Whilst this is not a problem when we go live with the client, it can be tedious when doing parallel runs as we have to match the previous providers figures.
For example:
1360.44 x 5.5% = 74.8242, so £74.82, however, Staffology has this as £74.83, so have to manually change by 1p. Just wondered why it is calculating 1p higher.
Another example = 1838.18 x 5.8% = 106.61444, so 106.61, however, Staffology is calculating as £106.62
Hey - We consciously always around up and them the extra penny to the employees contributions rather then running the risk of under-deducting.