Controlling the Maximum Frequency Amount

There is an accumulator for each monthly and annual frequency. You can select a frequency of monthly or annual. Two accumulators are provided for each frequency.

During the calculation process, a formula determines whether the accumulated amount exceeds the maximum. Depending on the frequency, the formula selects the appropriate accumulator.

You can set the maximum amount and frequency at the payee level. The earning element MEALREIM is set up this way. The accumulator CM AC MAX MONTH determines whether the monthly maximum amount (ceiling) has been reached for meal reimbursements.

Example 1

With a maximum yearly amount of 10040 HKD, the system pays 40 HKD if the earnings of the payee are 50 HKD per month, and after payment, the accumulated yearly amount is 10050 HKD.

Example 2

With a monthly maximum amount of 60 HKD, the system pays 10 HKD if the earnings of the payee are 50 HKD per month, and after payment, the accumulated monthly amount is 100 HKD. The system determines whether the accumulated monthly amount exceeds the monthly maximum amount of 60 HKD.

In this case, because 100 HKD is greater than 60 HKD, the accumulated monthly amount does exceed the monthly maximum amount. The earning amount is updated with the difference. In this case, because the payee earns 50 HKD per month:

(50 + 60 − 100) = 10 HKD