This idea is suggested by CTH from this Community Forum post: http://community.myob.com/t5/Staffing-and-payroll/Timesheet-entry-only-calculates-to-2-decimal-places/td-p/354284
It would be reall...
I would like to suggest that the timesheet hours field should be updated from accepting 2 decimal places to reflect the 4 decimal places in actual payroll.
This is critical in accurately calculating employees pay who work on a 38/week.
When entering employee times as part day increments and allocating these increments to different jobs, the calculation to convert day hrs from 40 week to 38 hr week requires 4 decimal places for precision.
Example
0.75 hrs to Job1 = 0.75 x (38/40) = 0.7125 timesheet rounds to 0.71
1.5 hrs to Job2 = 1.5 x (38/40) = 1.425 timesheet rounds to 1.42
4.0 hrs to Job3 = 4.0 x (38/40) = 3.800 timesheet rounds to 3.80
1.75 hrs to Job4 = 1.75 x (38/40) = 1.6625 timesheet rounds to 1.66
Actual hours = 7.6 hrs timesheet total = 7.59
Currently it rounds to the two decimal places and we have to manually recalculate the days hours to achieve the desired 7.6 hrs.
We have built an app that collects and records hours and we are able to import to timesheets, however all 38 hr week employees need to be manually recalculated.
very frustrating
Regards
Keith