How do I create payroll components on company level, so that they are available for selection on employee payslips?
The Payroll Components screen stores a library of payslip actions a company requires on employee level. When the company is created, a standard set of components will automatically reflect, including legislative components. You are able to make the necessary changes based on the company’s requirements.
Important!
Components are created per frequency.
Navigate > Configuration > Payroll > Payroll Config > Payroll Components
Step 1: Search for and select the desired component from the library of available components. The search can be refined by sorting the information when selecting any of the column headings i.e. Component Details, Payslip Action or Code.
Step 2: Capture the relevant component information (e.g. payslip name, income bases and/or other extra options) and select "Save". The component will be added to your frequency profile and can be viewed under the relevant payslip action.
Note!
An income base is a calculation that stipulates how the particular component will calculate. These components are usually used for purposes of components that have a particular calculation based on customer requirements.
Related Articles
Payroll Components | Editing a Component
Overview Payroll Components may be edited or reconfigured by selecting the "Edit" hyperlink on the right hand side of the applicable component, which will open a screen with numerous options. Edition This feature is available on all PaySpace ...How do I define an income base formula on a component?
When adding a new component with an income base formula (defined income), the calculation can refer to various sources in the payroll for example, a specific component, the employee’s hourly rate or the employee’s package, to name a few. Besides ...How do I resolve the run error: "Income base required for component"?
The run error "Income base required for component" will display when the income base for the referenced component has not been configured. Components that contain income base options need to be completed in order to avoid the error below, as well as ...The Payroll Components screen
Overview The Company Payroll Components screen stores a library of payslip actions a company requires on employee level. This includes automatic components (that will automatically populate/calculate on the Edit Payslip screen every period), and ...How do I assign a maximum value to a component so that it cannot exceed the specified amount when processed?
The system allows a maximum value to be assigned to a component, on company level. This means that when a company or business partner level user processes the component on employee level, the amount entered cannot exceed the specified amount entered ...