Canada | How do I process Vacation Pay so that it reduces Regular Pay?
When paying out Vacation Pay to an employee, it’s important to ensure it’s applied correctly, whether it should be added to or reduced from the employee’s Regular Pay. See the below steps to have the Vacation Pay (Taken) reduced from the Regular Pay.
Step 1: Create the Vacation Pay (Taken) In Package component on company level.
Navigate > Config > Payroll > Payroll Config > Payroll Components
Rename (optional) and select the "Income bases and formulas" to setup the component's income base on the "Define The Income" window.
Step 2: Process the Vacation Pay (Taken) In Package component on the employee's payslip. This will reduce the Vacation Pay amount from the Regular Pay.
Navigate > Employee > Payroll Processing > Edit Payslip > Allowances
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