Forum Discussion
Gross Pay
- Oct 14, 2020
Butter7017 Your set up is fine except your formula for 'gross pay' has absolute values instead of cell references.
that said some recommendations:
- you should add some sort of date and/or pay period
- create another sheet with employee and pay rate and use lookup to get it; unless that pay rate changes and you need to track it
- do you need to break out regular hours and OT hours? because you could just incorporate that directly into the gross pay equation
- although really trivial and more just personal preference; the formulas for reg hours could be =MIN(D3,40) and OT hours =MAX(D3-40,0)
- again trivial/personal preference: the formula for gross pay could be =C3*(E3 + 1.5 * F3) + G3
note if you use the above recommendations it might be =XLOOKUP(B3,'EmployeePaySheet'!$A:$B,2)*(D3+0.5*MAX(D3-40,0)) + G3
where the employee name & pay rate is on a new sheet called 'EmployeePaySheet' in columns A:B and assuming the same 50% bonus on OT hours over 40 hours.
Butter7017 Your set up is fine except your formula for 'gross pay' has absolute values instead of cell references.
that said some recommendations:
- you should add some sort of date and/or pay period
- create another sheet with employee and pay rate and use lookup to get it; unless that pay rate changes and you need to track it
- do you need to break out regular hours and OT hours? because you could just incorporate that directly into the gross pay equation
- although really trivial and more just personal preference; the formulas for reg hours could be =MIN(D3,40) and OT hours =MAX(D3-40,0)
- again trivial/personal preference: the formula for gross pay could be =C3*(E3 + 1.5 * F3) + G3
note if you use the above recommendations it might be =XLOOKUP(B3,'EmployeePaySheet'!$A:$B,2)*(D3+0.5*MAX(D3-40,0)) + G3
where the employee name & pay rate is on a new sheet called 'EmployeePaySheet' in columns A:B and assuming the same 50% bonus on OT hours over 40 hours.
- Butter7017Oct 14, 2020Copper Contributor
Also the extra pay is just a fixed amount the employee gets for extra weekend work.
- Butter7017Oct 14, 2020Copper Contributor
mtarler Thanks for the help
I have taken your suggestions and tried to incorporate them but am having an issue getting gross pay to calculate correctly. I used vlookup instead of xlookup not sure if that makes the difference.
Thanks for your help.
- mtarlerOct 14, 2020Silver Contributor
Butter7017 Your formula has ...D2+0.05*MAX... when it should be 0.5
- Butter7017Oct 14, 2020Copper Contributor
mtarler Thank you. I missed that. Do all the other formulas look correct? Should I use xlookup instead of vlookup?
Thanks