Navigate to the Employee Record > Payroll Tab > Pay Component Sub Tab
Based on the Pay Component Sub Type that you choose, certain fields (such as Description, P&L, Balance Sheet) will default, certain fields (such as Class, Location and Department) will default from the Employee Record - these are editable as desired. Fill the remaining fields as below:
Field | Salary - Base Salary | Wages - Normal Time |
---|---|---|
UOM | Year | Hour |
Frequency | Monthly/Weekly | Weekly |
Quantity | 1 | Number of hours per week the employee works e.g. 40 |
Rate | The annual salary e.g. £50,000 | The hourly rate e.g. £24.03846 |
Amount | Quantity x Rate e.g. £50,000 | Quantity x Rate e.g. £961.54 |
Start Date | The start date of the pay component | The start date of the pay component |
Current | Ticked | Ticked |
The last Base Salary pay component will be populated with an end date of the day before the start date of the new one. |