Payroll Settings
Overview
Payroll settings are the settings that you can configure to customize the payroll process for your business. These settings include things like earnings, deductions, and contributions, as well as tax settings and payment methods. By configuring your payroll settings, you can ensure that your employees are paid accurately and on time, and that your business is in compliance with all relevant laws and regulations.
Earnings
Earnings are the amounts that your employees are paid for their work. These can include things like hourly wages, salaries, bonuses, and commissions. You can set up different earnings types for different employees, and configure the rates and amounts for each type of earnings.
Features
- Add Earning: Add new earnings to your payroll settings.
- Edit Earning: Edit existing earnings in your payroll settings.
- Delete Earning: Delete earnings from your payroll settings.
- Clone Earning: Clone earnings in your payroll settings.
Deductions
Deductions are the amounts that are subtracted from your employees' earnings. These can include things like taxes, benefits, and other withholdings. You can set up different deduction types for different employees, and configure the rates and amounts for each type of deduction.
Features
- Add Deduction: Add new deductions to your payroll settings.
- Edit Deduction: Edit existing deductions in your payroll settings.
- Delete Deduction: Delete deductions from your payroll settings.
- Clone Deduction: Clone deductions in your payroll settings.
Contributions
Contributions are the amounts that your business contributes to your employees' benefits and retirement plans. These can include things like pension contributions, national insurance contributions, and health insurance contributions. You can set up different contribution types for different employees, and configure the rates and amounts for each type of contribution.
Features
- Add Contribution: Add new contributions to your payroll settings.
- Edit Contribution: Edit existing contributions in your payroll settings.
- Delete Contribution: Delete contributions from your payroll settings.
- Clone Contribution: Clone contributions in your payroll settings.