We've just introduced a new feature to help you with your payroll processing in Malaysia Entities in Talenox.
Previously, statutory amounts may be updated/changed after backdated payroll re-processing in the system. This results in inaccuracies in what was paid out to employees during specific payroll months in payroll reports and payslips generated for employees.
With this ability to lock the rates / amounts processed in payroll, admins no longer have to worry about amounts showing differently when trying to re-process payroll in the system.
How To Lock Statutory Amounts in Payroll?
View the steps below to learn how to lock statutory amounts in payroll:
1) In the Month Total page, click into the "Edit statutory details" option.
2) You'll then see an option to "Lock all statutory details". Click on that.
3) You'll be prompted to confirm this action in the system through a pop-up on your screen. Click on the "Yes, lock it!" option.
4) Finally, you should now see that all of your values have been locked from updates/changes during re-processing in the system.
NOTE: You can still un-lock the statutory amounts for updating in the system by clicking on the reset link as per the screenshot below.
What are some situations where locking of statutory amounts will need to be utilised?
There are several scenarios where locking of statutory amounts will be recommended to admins:
Backdated payroll updates
Updates to statutory rates halfway through a payroll year
Employee profile updates e.g. immigration status and statutory settings
We hope this helps you with your payroll processing in Malaysia. :)