Rounding Rules
In PeopleSoft Global Payroll, you can apply rounding to any component of an earning or deduction, the resolved amount of an earning or deduction, or within a formula. Rounding is applied to each of the components first before the resolved amount is rounded. Rounding is applied after proration rules are applied.
PeopleSoft Global Payroll for United States delivers these rounding rules:
| Data to Be Rounded | Rule |
|---|---|
|
Compensation |
For internal calculations, use six decimal places, but always resolve to two decimal places. |
|
Hourly Rates |
Always store hourly rates six decimal places. |
|
Garnishments |
For internal calculations, use six decimal places, but always resolve to two decimal places. |
|
Taxes |
For internal calculations, use six decimal places, but always resolve to two decimal places. |
|
All Other Deductions |
Calculate and resolve to six decimal places. |
|
Net pay |
Calculate and resolve to two decimal places. |
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