Forum Discussion

MattWL's avatar
MattWL
3 months ago

Employee Pay Rates Rounding to 2 Decimal Places When Using "Regular Rate Multiplied By"

Hi All, When using the option "Regular Rate Multiplied By" in the pay items, the system calculates the pay rate and rounds to 4 decimal places. Please see the example as following. Base rate: 25.35....
Doreen_P's avatar
Doreen_P
MYOB Moderator
3 months ago

Hey MattWL,

 

MYOB AccountRight calculates the pay rate to four decimal places, as shown in your example where a base rate of 25.35 multiplied by 1.5 results in 35.0250. The system does not round this to 35.03 as you would prefer. This behavior is consistent with the system's design to maintain precision in calculations.

 

Best regards,

Doreen

Looking for something else?

Search the Community Forum for answers or find your topic and get the conversation started!

Community home

Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.