All you need to know about Gross Retirement Funding Income

Struggling to understand the concept Gross Retirement Funding Income? Unsure about how and why it affects your payroll? Need some help with the setup on Pastel Payroll?

Here is a two-page guide we compiled to assist you with understanding the concept as well as applying the correct setup on Pastel Payroll. Although there are various methods of setting up RFI and NRFI in Pastel Payroll, I explained the quickest, easiest method in this guide.

FAQ Pastel Partner Payroll 2013 Update 1 – RFI vs NRFI

How to process Medical Aid contributions on Pastel Partner Payroll 2013 Update 1

Download our guide on processing medical aid contributions on Pastel Partner Payroll 2013 Update 1. We also discuss the difference between the processing methods for 2011/2012 legislation vs the new 2012/2013 legislation effective 01 March 2012.

Pastel Partner Payroll 2013 Update 1 – New Medical Aid Legislation

New Release: Pastel Evolution Payroll and HR 2013.00.00

Pastel Evolution Payroll and HR 2013.00.00 is available and can be downloaded on www.pastelpayroll.co.za under Download Latest Software Version.  This update includes the new income tax rates for the 2012/2013 tax year as well as the important conversion of medical aid tax deductions to tax credits.

Please Note If you install this version while your company is in March or later and your employees are not processed, a Medical Aid Tax Credit Conversion and Relink will run.  If your employees are processed, the Medical Aid Tax Credit Conversion and Relink will only run after a Period Close or if you Reset all your employees.

IMPORTANT – Microsoft SQL 2000 Users: Due to the fact that we do not support Microsoft SQL 2000 anymore all Microsoft SQL 2000 Users MUST upgrade to Microsoft SQL 2005 before they upgrade. The new Medical Aid Tax Credits will not work on Microsoft SQL 2000.

To upgrade to Microsoft SQL 2005 or a newer version, please contact your Pastel Evolution Payroll Certified Installer, alternatively contact us directly on +27 11 304 4360 or email us at support@evolutionpayroll.co.za.

New Product Release: Pastel Payroll & HR InTime V5-3-R

Pastel Payroll InTime is a powerful Time and Attendance software solution, integrating fingerprint recognition technology to offer accurate and fool-proof staff management.

Here are some key futures:

1. No buddy clocking
   With the absence of punch cards, pin-codes and swipe cards, there’s no chance of staff logging false entries.
2. Fool-proof biometric authentication
   Fingerprints cannot be replicated, full stop. Each log entry is guaranteed.
3. ‘Touch and Go’ operation
   Digital Persona biometric devices are USB plug and play, with recognition times of less than 500ms.
4. Eliminate Payroll calculation errors
   Automated audit logs ensure time entries are delivered accurately, directly to your Pastel Payroll Administrator.
5. Reduce Payroll administration
   Overtime, double time, holiday time and the like does not have to be manually entered or calculated, ensuring accurate calculations with no double checking.
6. Define work schedules
   Set up standard shifts or schedules, and apply across multiple employees. Even assign leave schedules directly.
7. SMS exception alerts
   Managers will receive an SMS (and/or an email) every time an employee arrives late, or leaves early. Set your own boundaries.
8. Eliminate unauthorised overtime
   Automate log-off times for staff who are not required to stay late. Stop staff logging in outside of their shifts.
9. Daily tasks list on arrival
   On-screen or printed daily tasks can be assigned per employee, or per group of employees, at any time. As staff log in, their duties are displayed.
10. Comprehensive attendance and leave reports
    Timesheets, employee histories, deviation from minimum hours and actual vs. scheduled hours.

New Release – Pastel Partner Payroll 2013 Update 1

Pastel Partner Payroll 2013 Update 1 is available and can be downloaded as a Frictionless Update provided you have installed version 2012 Update 2b. This update includes the new income tax rates for the 2012/2013 tax year as well as the important conversion of medical aid tax deductions to tax credits.

Upgrade patch cannot be installed by Windows: Solution

If you get the above message it is due to the fact that the installer is looking for a missing component.

You will need to uninstall Payroll from your Control Panel and then run the 2012 Update 2b installation again.

I will update this blog as soon as I get a more elegant solution.  The above however seems to resolve the problem.

New Tax Table Release for 2012/2013 – Pastel Partner Payroll 2013 Update 1

Due to significant changes to the way medical aid contributions need to be taxed and the conversion from medical aid deductions based on monthly capped amounts to medical aid tax credits, we have delayed the release of Pastel Partner Payroll 2013 Update 1. We are spending extra time on testing to ensure that the calculations and conversions are as accurate as possible and aligned with the latest legislation effective for the 2012/2013 tax year.

We will keep you updated on the progress through the Pastel Payroll News Feeds (available on Pastel Partner Payroll 2012 Update 2b).