Why would an employee's provident/pension fund employee deduction component reflect as a company contribution?

Why would an employee's provident/pension fund employee deduction component reflect as a company contribution?

An employee's provident/pension fund employee deduction component will reflect as a company contribution if the component has been marked as "in package".

Edit the component and disable the checkbox so that the component is correctly reflected as a deduction.

      Navigate > Employee > Payroll Processing > Recurring Payroll Components > Company Contributions

      
     
      

    • Related Articles

    • Payroll Funds Setup | Pension and Provident Fund Setup

      About A variety of Pension and Provident Funds are available to choose from on the Pension and Provident Setup Screen. You can select and configure the relevant funds according to the company’s requirements. The Pension or Provident Fund needs to be ...

    • 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 ...

    • Payroll Processing | Recurring Payroll Components

      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 ...

    • How do I set up Pension Fund components?

      This feature is available on all PaySpace editions Once a Pension fund has been created, the corresponding employee deduction and company contribution components have to be set up on company level before linking the components to employees. Step 1: ...

    • Why would an employee's medical aid employee deduction component reflect as a company contribution?

      An employee's medical aid employee deduction component will reflect as a company contribution if the component has been marked as "in package". Edit the component and disable the checkbox so that the component is correctly reflected as a deduction. ...