How do I define an income base formula on a component?

This feature is available on all PaySpace editions

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 including source types, you can also advise an amount in the calculation.

      Navigate > Configuration > Payroll > Payroll Config > Payroll Components

Step 1:  Create or edit a component and select the "click here to edit company income base" link to open the "Define The Income" window.

      

      

Step 2: Specify the number of lines in the custom calculation and insert its elements accordingly before selecting the "add income base" button. The window will close and save the component again.

      

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