Payroll Figures Take On (PFTO) & Previous Employment Figures Take On (PEFTO)

What is PFTO?

PFTO is an abbreviation for Payroll Figures Take On that you can find in Payroll > Transaction > Payroll Figures Take On

When to use PFTO?

PFTO screen is used to fill up figures when:

i) You migrate from an old system to Worksy in the same year to ensure that the Monthly Tax Deduction (MTD) is calculated correctly

ii) Some earnings/ deductions have been left out from being flagged under the correct tax category in the payroll item settings causing the amount accumulation for the whole year to be lesser

Refer to some related articles below : 

a) How to use the YTD Employee Statistic reference to adjust Payroll Figures Take On?: Knowledge Base (freshdesk.com) 

b) Why are some employees' past year's EA Forms showing negative/less gross income amount? : Knowledge Base (freshdesk.com) 

c) Can I manually amend the EA Form without reprocessing past payroll cycles? : Knowledge Base (freshdesk.com) 

What is PEFTO?

PEFTO is an abbreviation for Previous Employment Figures Take On that you are able to find under Employee Profile > Experience tab

When to use PEFTO?

PEFTO screen is only needed to be filled in when,

i) A new joiner that has previous employment has joined your company in the middle of the current year

ii) To ensure the accumulation figures for previous months are correct to calculate MTD deductions accurately.

How to fill up PEFTO?

PEFTO should be filled up in one row with the Last Month before the Hired Month with all the accumulated figures of the previous employment.

Example:

Hired Month => Aug 2023

Last Month to choose in PEFTO => July 2023

Now, what is the difference between PETO and PEFTO?

PFTO can be used to alter the payroll figures for the whole year to amount correctly in the EA Form while PEFTO is used when a new joiner has previous employment in the same year and has joined your company in the middle of the current year. 

Please take note that you need to fill up those screens before you process the payroll to ensure the MTD deductions are calculated correctly.

In conclusion,

PFTO is used for the staff that has payroll figures from the same company while PEFTO is used for a new joiner that has payroll figures from a different company in the same year.