By default, the app is set to monthly subscription, in which case you will be billed monthly. If you opt for an annual subscription, you will be billed for a year in advance and are therefore entitled to a 15% discount.
To opt for yearly billing, go to Settings > Subscription > Subscription Type and opt for Yearly billing.
The invoice will be generated after you run your next payroll. The amount will be based on the total number of employees you ran payroll for. It entitles you to run payroll for 12 months for that number of employees up until the renewal date. Renewal is due 12 months from the invoice date.
EXAMPLE annual subscription for a company with 10 employees:
RM 456 company fee (RM 38 * 12 months)
+ RM 960 employee fee (RM 8 * 10 employees * 12 months)
- RM 212.40 discount of 15% (RM 1,416 * 15%)
Sub Total: RM 1,203.60 * 6% (SST charges)
Grand Total = 1,275.82
If you add an additional employee after you have received your yearly invoice you will be invoiced separately for that particular employee for the remainder of the subscription, i.e. If you have paid for 10 employees and add employee 11 in after three months you will be billed: RM 8 * 9 Months * Discount of 15% * SST of 6%= RM 64.87.
However, there will be NO refund if the total employees reduced from the initial amount of employees that was charged initially, i.e. If you have paid for 10 employees and reduce to 8 employees, there will be no refund.
This help article was compiled for version 0.55.2 of app.payrollpanda.my
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