using front accounting HR additional menu to calculate the Social Insurance the formula will be like this :
1- local Employee ( Saudi) :
1.1 Employee Contribution : Saudi Employee will be contributing 10% of insured Salary ( Basic+Housing), deducted from his net Monthly Salary package.
1.2 Company Contribution : the company will contribute 11% of employee insured salary ( Basic +Housing) . Example salary 1000 SAR + plys housing 250 SAR = 1250 INSURCCE SALARY
GOSI Employee contribution will be 1250 X 10% = 125 SAR
GOSI Company Contribution will be 1250 X 11% = 137.5 SAR .
Total GOSI 262.5 SAR.
2. GOSI for Expat . Company will contribute 2% of insured Salary ( Basic +Housing) .
simple calculated form which can post result into GL accounts and HR Payroll
* must be part of the frontaccounting HR Module.