anyone on here have experience with accounts??

Discussion in 'Pregnancy Chat' started by 1009, May 19, 2013.

  1. 1009

    1009 Well-Known Member

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    Im looking for an accountant or anyone with experience of payroll sector as Im unsure if my work are fiddling my rate of pay .....

    x
     
  2. Tigger87

    Tigger87 Well-Known Member

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    I'm an accountant if I can help at all x
     
  3. 1009

    1009 Well-Known Member

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    :)

    not sure if im being silly but I used the mr anchovy site to check if my pay was correct and entered in my monthly rate before tax and when it was calculated my rate per hour was £0.03p short which made my annual income around £100 less than what im supposed to get . I maybe thought this was because I get the exact same rate of pay per month despite how many days are in that month but Im thinking this shouldn't make my annual income less than what im supposed to get ??

    Am I being silly and just not understanding things and this is how my accountant calculates things??

    x
     
  4. Libbygrace

    Libbygrace Well-Known Member

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    Is your contract stated as an annual wage or hourly rate? If its annual the payroll department would just divide that annual wage by 12 or 13 depending on how many times in the year you are paid (monthly or 4 weekly) therefore you would have same monthly wage every year..,, eg £18,000 annual divide by 12 equates to £1500 per month.

    If its hourly rate they would calculate the hourly rate by the amount of hours you work in week then times by 52.177 then divide that figure by twelve to get monthly

    Eg. £8.50 x 39 =£331.50 x 52.177= £17296.675 (annual salary) / 12 = £1441.389 monthly salary

    Some companies might only times the weekly rate by 52 which means the annual salary would be £17238 which would give a difference of £58.675 per year and £4.889 per month

    You need to look in your contract and see what it's stated and what hours your contracted etc to get more definate answer
     
    #4 Libbygrace, May 20, 2013
    Last edited: May 20, 2013
  5. 1009

    1009 Well-Known Member

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    Im monthly paid and my rate of pay is per hour and not annually. I will have a look and see how I get on ........thank you for the help :)

    xx
     

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