Bonus Calculation Formula

The bonus calculation formula uses a conditional IIF statement to determine if the CurrentPeriod is equal to the bonus period as defined in the Global Drivers as well as multiplying salary and bonus percent.

Bonus formula selectable criteria

There are two different options for creating this formula:

  • Option 1: Select each formula block.

  • Option 2: Type the formula in the text field of the Text tab.

Option 1

Follow these instructions to create this formula by selecting each block:

  1. Populate the formula criteria:

    • Formula Name: Bonus Calc

    • (Optional) Formula Description

    • Register Group: All Employees

    • Value Type: Periodic

    • Account: 50220 - Bonus

    • Scenario Type: All Scenarios

    • Periods: All periods selected

  2. Click the Functions tab and select the IIF block.

  3. Click the Functions tab and select the CurrentPeriod block.

  4. Click the = operator block.

  5. Click the Globals tab, select Bonus Per from the drop-down menu and click the Add To Formula button.

  6. Click the , operator block.

  7. Click the Register tab, select Salary from the drop-down menu and click the Add To Formula button.

  8. Click the * operator block.

  9. Click the Register tab, select Bonus from the drop-down menu and click the Add To Formula button.

  10. Click the , operator block.

  11. Click the Text tab, type 0 in the text field and click the Add To Formula button.

  12. Click the Save button. You will receive a confirmation message with the option to create another formula or return to the formula library.

Option 2

Follow these instructions to create this formula by typing the formula in the Text tab:

  1. Populate the formula criteria:

    • Formula Name: Bonus Calc

    • (Optional) Formula Description

    • Register Group: All Employees

    • Value Type: Periodic

    • Account: 50220 - Bonus

    • Scenario Type: All Scenarios

    • Periods: All periods selected

  2. Click the Text tab, type IIF(CurrentPeriod=Bonus Per,Salary*Bonus,0) in the text field and click the Add To Formula button.

  3. Click the Save button. You will receive a confirmation message with the option to create another formula or return to the formula library.