Summary

The transaction total is calculated by:

The lesser of Processed transaction total and Maximum amount

Calculation

PayGlobal uses the following steps to calculate the transaction total:

1. Obtain the value of the Quantity as entered in the transaction.
2. Obtain the value of Rate as entered in the transaction.
3. Obtain the Processed transaction total using:

   Processed transaction total = Quantity * Rate

Maximum amount

Obtain the value of the Maximum amount field in the Details (i) tab page of the Deduction code.

Note: The transaction total is the lesser of Processed transaction total and Maximum amount.
If the transaction total is more than the Nett Pay (Min nett pay / 100) and the Full amount only field in the Details (ii) tab page of the Deduction is set to Yes, then the transaction total is '0'.
If the Full amount only field is set to No, the transaction total is recalculated so that the Nett Pay is Nett Pay * (Min nett pay / 100).

See also

Deduction Calculation Methods