Annual Full Time Equivalent Salary field showing an incorrect amount
ANSWER ID:3645
When entering an employee's Normal rate (on the Employment Details tab), MYOB Payroll automatically calculates the Annual Full Time Equivalent Salary field. This calculation is based on the Default Hours per Day and Days per Year settings in Payroll.
If the Annual Full Time Equivalent Salary field is showing the wrong amount, you need to check the Default Hours per Day and Days per Year settings to find the error.
- Go to the Tools menu and choose Options.
- Click the General tab.
- Confirm the values in the Default Hours per Day and Days per Year fields.
Here's our example for 8 hours per day and 260 days per year (a total of 2080 hours per year).
