How do I set up the Provident Fund components?
This feature is available on all PaySpace editions
Once the Provident fund has been created, the corresponding employee deduction and company contribution components have to be set up on company level before linking them to employees.
Step 1: Search for and create the employee deduction and company contribution Provident fund components.
Navigate > Config > Payroll > Payroll Config > Payroll Components
Step 2: Add the components to the Deductions and Company Contributions payslip sections of the employee's Recurring Payroll Components screen.
Navigate > Employee > Payroll Processing > Recurring Payroll Components > Deductions
Navigate > Employee > Payroll Processing > Recurring Payroll Components > Company Contributions
The components will be displayed on the employee's Edit Payslip screen accordingly.
Related FAQ
Important Comment
If the Provident funds (configured in the above FAQ) are not available for selection in the dropdown, it may be that the wrong component was used in Step 1.
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