What is the Component Code field used for?

What is the Component Code field used for?

This feature is available on all PaySpace editions

The component code field on the Payroll Components (extra options) and General Ledger Parameters screens are used to classify the components under codes that can be used when an MS Excel spreadsheet is uploaded on the Bulk Actions screen.

      Navigate > Configuration > Payroll > Payroll Config > Payroll Components

      

      Navigate > Configuration > Payroll > Payroll Config > General Parameters

      

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