Payroll Components
Rolled-up Holiday Pay
Overview Rolled-up holiday pay allows employers to include an additional amount with every payslip to cover a worker’s holiday pay, as opposed to paying holiday pay when a worker takes annual leave. The regulations allow employers to use Rolled-up ...
How do I add the Beneficial Loan component?
A director or employee receives a benefit through their employment if they are provided with a low-cost or interest-free loan. The employee is typically liable to pay tax on the difference between the interest calculated at the official rate and any ...
How do I process a tax correction?
The Advised Income Tax component is used to correct taxes when payroll errors are made. Note! Any tax corrections will be included in all tax columns on legislative reports. The Advised Income Tax component would need to be configured on company ...
How do I add the Advised Deduction component?
The Advised Deduction component needs to be configured on company level before linking it on employee profiles. Step 1: Search for and create the Advised Deduction component. Navigate > Configuration > Payroll > Payroll Config > Payroll Components ...
How do I process a Sporting Testimonials component?
A sporting testimonial is an event held either once or as a series, usually organised to honour a sportsperson who has been associated with a particular sports club for a considerable period. Such events may also be arranged for other reasons, such ...
When is a Sporting Testimonial component taxable or non-taxable?
A sporting testimonial is an event held either once or as a series, usually organised to honour a sportsperson who has been associated with a particular sports club for a considerable period. Such events may also be arranged for other reasons, such ...
How do I configure the Maternity Allowance component?
The Maternity Allowance component needs to be configured on company level before it can be added to employee profiles. Step 1: Search for and create the Maternity Allowance component. Navigate > Configuration > Payroll > Payroll Config > Payroll ...
How do I resolve the run error: "Income base required for component"?
The run error "Income base required for component" will display when the income base for the referenced component has not been configured. Components that contain income base options need to be completed in order to avoid the error below, as well as ...
How do I configure the Company Sick Pay component?
The Company Sick Pay component needs to be configured on company level before it can be added to employee profiles. Step 1: Search for and create the Company Sick Pay component. Navigate > Configuration > Payroll > Payroll Config > Payroll Components ...
How do I configure the Company Shared Parental Pay component?
The Company Shared Parental Pay component needs to be configured on company level before it can be added to employee profiles. Step 1: Search for and create the Company Shared Parental Pay component. Navigate > Configuration > Payroll > Payroll ...
How do I configure the Company Paternity Pay component?
The Company Paternity Pay component needs to be configured on company level before it can be added to employee profiles. Step 1: Search for and create the Company Paternity Pay component. Navigate > Configuration > Payroll > Payroll Config > Payroll ...
How do I configure the Company Parental Bereavement Pay component?
The Company Parental Bereavement component needs to be configured on company level before it can be added to employee profiles. Step 1: Search for and create the Company Parental Bereavement component. Navigate > Configuration > Payroll > Payroll ...
How do I configure the Company Maternity Pay component?
The Company Maternity Pay component needs to be configured on company level before it can be added to employee profiles. Step 1: Search for and create the Company Maternity Pay component. Navigate > Configuration > Payroll > Payroll Config > Payroll ...
How do I configure the Company Adoption Pay component?
The Company Adoption Pay component needs to be configured on company level before it can be added to employee profiles. Step 1: Search for and create the Company Adoption Pay component. Navigate > Configuration > Payroll > Payroll Config > Payroll ...
How do I configure the Advised Expense Reimbursement component?
The Advised Expense Reimbursement component needs to be configured on company level before it can be added to employee profiles. Step 1: Search for and create the Advised Expense Reimbursement component. Navigate > Configuration > Payroll > Payroll ...
How can I configure the system to calculate a component for a specific week within a month?
To configure the system to calculate a component for a specific week within a month, enable the "only calculate this component in the selected runs of the month:" setting when editing the component on the General Ledger Parameters screen. Navigate > ...
The Payroll Components screen
Overview The Company Payroll Components screen stores a library of payslip actions a company requires on employee level. This includes automatic components (that will automatically populate/calculate on the Edit Payslip screen every period), and ...
How do I create payroll components on company level, so that they are available for selection on employee payslips?
The Payroll Components screen stores a library of payslip actions a company requires on employee level. When the company is created, a standard set of components will automatically reflect, including legislative components. You are able to make the ...
How do I configure a component to not show on an employees payslip?
To hide a component on a payslip, enable the "do not show on payslip" extra option checkbox when configuring/editing the component on company level. Navigate > Configuration > Payroll > Payroll Config > Payroll Components > Extra options Note! The ...
How do I deactivate a component?
A component that was added to an employee’s record, can never be deleted. When editing it, enable the "inactive" checkbox to deactivate it, thus making it unavailable on employee level. Navigate > Configuration > Payroll > Payroll Config > Payroll ...
How do I define an income base formula on a component?
When adding a new component with an income base formula (defined income), the calculation can refer to various sources in the payroll for example, a specific component, the employee’s hourly rate or the employee’s package, to name a few. Besides ...
How do I assign a maximum value to a component so that it cannot exceed the specified amount when processed?
The system allows a maximum value to be assigned to a component, on company level. This means that when a company or business partner level user processes the component on employee level, the amount entered cannot exceed the specified amount entered ...
How do I assign a minimum value to a component so that a value less than the specified amount cannot be processed?
The system allows a minimum value to be assigned to a component, on company level. This means that when a company or business partner level user processes the component on employee level, the amount entered cannot be lower than the specified amount ...
Payroll Components | Editing a Component
Overview Payroll Components may be edited or reconfigured by selecting the "Edit" hyperlink on the right hand side of the applicable component, which will open a screen with numerous options. Edition This feature is available on all PaySpace ...