How do Daily Rate and Hourly Rates work?

If you are using daily rates of pay, you only need to enter the days worked and not the hours. You may use a combination of both. Normally overtime is recorded in hours and so if no hourly rate is entered, then Harvesteronline will divide the daily rate by the standard hours in a day and automatically work out the hourly rate. If you have specifically entered an hourly rate, then for overtime hours the rate used will be the specific hourly rate. You may still enter the overtime in days and not in hours. Remember overtime is rate times 1.5 and double time for holidays is rate times 2. You do not need to calculate this. In fact you should simply enter for example, 1 day if it is a holiday, and then Harvesteronline will multiply this by 2 and record the value '2' in the Double time or Holiday Days. This will be itemised correctly on the payslip showing the employee what his normal and overtime values were. This makes all records clear so that there is an accurate record of this for possible later reference. Note for fixed wage earners: The "daily rate equivalent" for fixed wage earners is calculated as the basic fixed-wage divided by the no of days in a month, which is a default value of 26 days. This Default "days in a month" can be changed on Company settings but 26 is the accepted standard. This is how the Overtime value of at 1.5 times this "daily rate equivalent" for fixed wage earners is calculated. So hours and days are only for normal hours or days worked. Overtime and double time should be entered separately.