Accounting for SDL Rounding Made Easy

We don’t want you to have to sweat the small stuff, so as always, we are doing our very best to make your life simpler and save you time – therefore, increasing your efficiency.

In the past, you might have had to do manual journals in Xero to account for the fact that SDL amounts posted from payslips had cents included, but SDL totals paid over to the CPF Board had been rounded down to the nearest dollar – meaning that the cents would have been dropped.

We are happy to inform you that you will no longer need to do these manual journals because of a new feature that we have introduced. Dealing with the differences in Xero as a result of SDL rounding, will now be as easy as clicking a link in SimplePay.

More information about this very useful and time-saving feature is available on our help site. You might want to look at the section about the Cutoff Date, in particular, to ensure that you use the new feature only from the month that suits you.

If you have any questions, you are welcome to email us at [email protected] to assist you.

The SimplePay Team