July 2023 NEC Agriculture Schedules and Impact on Adaski

Last Updated: 25 July 2023

by Adam Garden

The latest news out of NEC Agriculture is a new base minimum wage as well as a mandated split of that wage in a 40% USD /60% ZWL ratio.  The ZWL amounts are to be calculated by taking the applicable ZWL component value due to the employee and converting it at the interbank rate prevailing on the 20th of the month the remuneration is due to the employee.  This is how the minimum wage schedule is to work for the rest of the year.

NEC Agriculture Minimum Wage schedule (July 2023)

NEC Agriculture Allowances

Impact on Adaski

Live on Adaski

The version 7.6.4.1 (and later) have been adjusted to account for an easier transistion.  you can download it at https://softrite.co.zw/download.

Updating Grades Tables

These should be updated automatically if the "Use Program Rates" flag is set to Yes. You can check this by

1. Go to Set Up Files ➡ Grade
2. Change "Use Program Rates" to yes.

Adding Automatic Allowances 

Currently we recommend getting in touch with one of our support agents to set up the automatic allowances properly.

Changing from a single currency (ZWL) to a multicurrency payroll

1. Go to Set Up Files➡Company Set Up➡Currency Flags
2. Set Payment Currency to USD
   1. Usd only in selected payments  NO
   2. Accumulate tax free Bonus from start of year YES
3. List the allowances and Deductions you have used in ZWL.   NB You will not be using these same allowance codes for USD payments as they have been used on ZWL amounts. Do not change their set up to pay in USD.  This impacts the tax calculation in a major way.
4. Take on new allowances and Deductions codes for USD
5. Remember to set the Interbank rate in Start of Pay.
6. Capture the USD allowance and Deductions to replace the RTGS ones.
7. Only Overtime and leave codes will maintain the old codes.

If you have any questions, please don't hesitate to contact any of our support team.

You may also want to pass on comments to myself, Adam, reachable at adam@softrite.co.zw or on +263 787 127 028