Current Year Amount Earned#
This component is required to total the value of the amount calculated in respect of time earned and indicates if entitlement amount is to be increment or rederived. (Amount counterpart to A330).
Choose the rule that is used as the ‘Current Year Amount Earned’ rule.
| Rule | Description | Logic | Assoc. | Go to |
|---|---|---|---|---|
| 01 | Increment Amount Earned | Calculates: (Unofficial Current Period Time Entitlement Earned (A350) x Unofficial Current Wage Rate (A010)) + (Official Current year Amount Earned (A380) Adds new entitlements at the current wage rate to the old entitlements at the old wage rates. Example: Employee earned $400 worth of entitlement for the 1st six months of this year. At this pay, the employee's wage rate changed to $12/hr and the entitlement time earned this pay was 6.67 hours. (6.67 x $12) + ($400) = $80.04 +$400 = $480.04 | A010 A350 | A390 |
| 02* | Rederive Amount Earned | Calculates: Current Year Time Entitlement (A330) x Current Wage Rate (A010). Replaces the current year amount entitlement with this amount. Rule 02 rederives the current amount based on the current wage rate only. Example: Employee earned $10/hr for the 1st six months of this year. The entitlement time earned 'to date' is 40 hours. At this pay, however, the employee's wage rate changed to $12/hr. and the entitlement time earned this pay is 6.67 hours. (6.67+40)x $12 = 46.67 x $12 = $560.04 | A010 A330 | A390 |
| 03 | Increment Using Amounts from Leave Lines | Increment total based on the amount on the Leaves Lines. This value is to be used when the amount is derived at the period when the time is entered. This is used for Policies like Banked Overtime. | A390 |
