How to Manage Holiday Fund Contributions for Employees

How to Mark an Employee as Exempt from the Holiday Fund:

1. Go to the Payroll section from the left-side menu.
2. Select Employees.
3. Click Actions next to the employee’s name and choose Edit.
4. In the Employment section, check the box “Exempt from holiday fund.”
5. Click Save.

This employee will now be excluded from holiday fund calculations.

How to Set Up and Manage Holiday Fund Details for an Employee:

1. Balabook uses the official government guidelines to calculate holiday fund contributions accurately.
2. Navigate to Payroll > Employees.
3. Click Actions > Edit next to the employee’s name.
4. In the Employment section: Enter the employee’s working days per week and the available holidays.
5. Make sure the checkbox “Exempt from holiday fund” is unchecked.
6. Click Save.

The system will now automatically calculate the correct contribution percentage based on the information you’ve provided.