What is Payroll?
Payroll is the term used to refer to
- The total amount of money that a company pays to its employees.
- A company's records of its employees salaries and wages, bonuses and withheld taxes.
- The company's department that calculates and pays these.
How to create a Payroll Package?
To Create a Payroll Package,
Select Payroll Packages from Human Resource Menu
Select Create New on Right Top of the Screen.
Enter the Payroll Package Details.
Add components of the Payroll Package by selecting the components from the list appears by clicking on BULK SELECT ICON.
Click Add to create a Payroll Package
What is Pay Component?
The different type of payments or deductions done to an employee is the Pay Component.
Payroll Packages are a specific set of payroll components assigned for a specific type of employee.
Only those packages created in the Payroll Package Screen will be shown in the Payroll Package to assign to an Employee in Payroll Master Screen as shown in the below screenshot.
The payroll package could be assigned to an employee from Employee master form too under the 'Payroll configuration' section as given in the screenshot below.
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