[GNC] How do you record the rounding of your netpay?
Oleander
7059548 at protonmail.com
Sat Jan 27 03:17:03 EST 2024
Hello everyone,
how do you record the rounding of your netpay?
After subtracting taxes from my gross pay, if the result of my net pay is a floating point number, my company rounds this number up to the next integer then credits the amount to my bank account. But the rounding is just a loan, the next month it will be charged from my gross pay along with taxes and if the result of my net pay again is a floating point number, it will be rounded up to the next integer and then credited to my bank account and so on.
Eg:
1st Month
Gross Pay = €1800.50
Taxes = €300
Netpay = 1500.50 --> 1501€ (amount credited to my bank account)
2nd Month
Gross Pay = €1800.30
Taxes = €300
1st Month Rounding = €0.50
Netpay = 1499.80 --> 1500€ (amount credited to my bank account)
Thank you
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