AU Payroll: Toggle rounding in pay templates
Turn off rounding in payroll deductions and superannuation in Pay Template. Is it possible to turn off rounding for payroll deductions in pay templates, as we have defined benefit member salary sacrifice percentage rates that are more than two decimals and Xero automatically rounds down or up which creates the designated ATO rate lower or higher than specified. Also payroll deduction amounts for Novated Leasing for pre and post tax amounts are rounding down or up to an amount which then we will have to create a journal later to fix the incorrect amount being direct debited from our bank account for the monthly lease payment.
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Keryn Williams commented
I would like the payroll rate (Earnings rate) to only be 2 decimal places - currently it shows as $26.968700, only needs to be $26.97. Each fortnight I have to manually change the payroll rate. The rate should be exactly as stated in FairWork Award documents, which is only to 2 decimal places.