The Company Payroll Components Screen stores a library of payslip actions a company requires on employee level. This includes components that should calculate automatically every pay period as well as once off components.
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NextGen or Classic
The Classic version is the name given to the previous look and feel of the system. Important to note, both NextGen and Classic point to the same database. No data migration is therefore applicable.
This article covers Overview of Company Payroll Components for the
Classic version of the system.
An Example of the Classic Landing Page
The article that explains the same for the new and improved
NextGen version, is coming soon.
An Example of the NextGen Landing Page
This feature is available on Lite, Premier and Master.
Option 1: Company Menu>Allowances/Deductions/Fringe Benefits/Contributions>Payroll Components
Option 2: Company Screen>I want to…>Edit payroll components
The Payslip Action Grid displays the company’s component profile within the specified payslip actions. Company Payroll Components are divided in six payslip actions, namely allowances, deductions, company contributions, fringe benefits, personal contributions and notes. When the company is registered on the system, Company Payroll Components will automatically reflect, including legislative components. You will be able to make the necessary changes based on the company’s requirements.
Components added per Frequency
Components are added per frequency. A component added in one frequency will not be visible in another frequency of the same company.
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