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Set Pay Component Sub Types (PCST)
This section allows you to map the various payroll salary and allowance codes to the Profit & Loss expense accounts. The payroll expense accounts should have already been created after management review.
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Update the Expense Account for any Pay Component Sub Type where the Expense Account is not correct. ICS provides a list of the most popular salary and allowance pay components.
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Do not add or delete any pay component sub types in this screen. |
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Pay Component Sub Types are used across all subsidiaries in a OneWorld account. |
If you elected to follow ICS recommendations for more detailed reporting, then Select
- Salary & Wages : Allowances expense account for Allowance Pay Types
- Salary & Wages : Overtime expense account for Overtime Pay Types
- Superannuation Expense account for Superannuation Pay Types
If there are Pay Components that are not relevant to your organisation, simply mark as inactive (or ignore)
- Inactive Pay Components will not display when setting up employees. However at a future date these Pay Components can be made active.
- Ignoring irrelevant Pay Components simply means that the Payroll Officer will see them when setting up employees.
- Any action taken here can be subsequently reversed / amended once Configuration is complete.
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