Summary
How to update the OID annual limit (earnings threshold) on Sage VIP Classic and Sage VIP Premier. The OID report use this limit to calculate the limit per employee.
Description
You can update the OID annual limit when the Minister or Director General of Employment and Labour publishes the new limit.
Cause
The OID Earnings threshold isn't available at the time when we release updated software.
Resolution
- From the Main Menu, go to Company, then select Basic Company Information
- Change the value of the 'OID Annual Limit' to the limit for the specific assessment year
- The new limit now applies to the OID Report
NOTE: It is your responsibility to update the limit when published in all South African companies.
Below is an example of the field to change:
NOTE: The OID Annual Limit applies to the OID Report (Detailed and Summary) and Excel CF-2A Report.