How do I configure an Automatic Bursary and Scholarship component for NQF level 1 - 4?

How do I configure an Automatic Bursary and Scholarship component for NQF level 1 - 4?

This feature is available on all PaySpace editions

The Automatic Busaries and Scholarships component has to be configured on company level before it can be linked to an employee.

Step 1: Confirm the NQF Level of the bursary and create the Automatic Bursaries and Scholarships component.

      Navigate > Configuration > Payroll Config > Payroll > Payroll Config > Payroll Components

      

      

Step 2: Add the component to the employee's Fringe Benefits section on their Edit Payslip screen.

      Navigate > Employee > Payroll Processing > Edit Payslip > Fringe Benefit

      
       

    • Related Articles

    • How do I configure an Automatic Bursary and Scholarship component for NQF level 5 and above?

      This feature is available on all PaySpace editions The Automatic Busaries and Scholarships NQF Level 5 and above component has to be configured on company level before it can be linked to an employee. Step 1: Confirm the NQF Level of the bursary and ...
    • How do I configure a Taxable Recurring Bursary component?

      This feature is available on all PaySpace editions The Taxable Recurring Bursary component has to be configured on company level before it can be linked to an employee. Step 1: Search for and create the taxable bursaries component. Navigate > ...
    • How do I configure a Non Taxable Recurring Bursary component?

      This feature is available on all PaySpace editions The Non-Taxable Recurring Bursary component has to be configured on company level before it can be linked to an employee. Step 1: Confirm the NQF Level of the bursary and add the relevant NQF level ...
    • Payroll Processing | Recurring Payroll Components

      A Recurring component refers to a regularly appearing component in an employee's payroll that is a part of the employee's regular compensation package. These components are calculated and included in each pay period, and are an essential part of an ...
    • How do I edit the Medical Aid Fringe Benefit component?

      This feature is available on all PaySpace editions. The Medical Aid Fringe Benefit component cannot be edited via the Edit Payslip screen, as it is an statutory component. A Medical Aid Fringe Benefit Adjustment component can be created and added to ...