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Home > Time Advantage Functions > Calculation Rule
Calculation Rule
The Calculation Rule determines how employees hours and benefits will be calculated. The Calculation Rule may also be known in some applications as Payroll Policy, Pay Rule, etc. Some of the things that make up the Calculation Rule are Length of Pay Period, Rounding, Overtime Rules, Benefit Accruals, etc. Within the Calculation Rule there is also a Custom Calculation feature that allows you to create special applications such as Weekend Bonus, Meal Money, etc.
Even though many businesses only require one or two Calculation Rules you can have an unlimited number. They can be defined in various ways such as Hourly, Salaried, Union, Non-Union, Part Time, and Full Time, just to name a few.
To add a Calculation Rule simply click Add to get to the General tab of the Setup.
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