Overview of Company Payroll Components
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.
This feature is available on all PaySpace editions.
Navigate > Config > Payroll > Payroll Config > 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.
An extract of the Company Payroll Components Screen.
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.
The Recurring Payroll Components screen
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 ...
What information is stored in the Notes payslip section?
Important totals are stored in the Notes payslip section by default e.g. PAYE, Taxable Regular Income, Total SDL, UIF, Tax, Travel/Company Car Taxable, UIF Income. This section can also be used to calculate, store and/or display any components that ...
The Types of Components in PaySpace
Components refer to the various payroll items that are added and displayed on the Recurring Payroll Components and Edit Payslip screens. This includes allowances, deductions, company contributions, fringe benefits, personal contributions and notes. ...
How do I configure the system to exclude fringe benefits when doing a gross up calculation?
To exclude fringe benefits from a gross-up calculation, enable the "Do not take the fringe benefits into account when doing a gross up and calculate them separately" company setting and save your changes. Navigate > Configuration > Basic Settings > ...
Adding a New Company
About The system offers a pre-defined workflow path that guides you through the sequence of adding a new company. The Add New Company Generic Workflow consists of the following screens: Edition This feature is available on all PaySpace editions. ...