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Summary |
Before you enter transactions, all payroll entities must be created correctly and all employees must be attached to the appropriate tables. If payroll entities are inaccurate, then transactions that are based on these records may produce incorrect values. The majority of your time as a Payroll user is spent in Transaction View. Transactions may originate from the following areas:
Transactions are used to generate the following aspects of Payroll, and assign them to individual employees in a pay period:
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Payments |
Employees receive a payment in return for work performed. Generally the payment to an employee will be a monetary amount, either fixed as a salary or for hours worked. Other examples of payments include bonuses and commissions. Some payments will attract tax deductions, others will not. |
Deductions |
When you have calculated the amount of money to pay an employee, you need to make certain deductions. Deductions may include: tax, direct credit disbursements, contributions to employee superannuation schemes, and medical insurance payments. |
Entitlements |
In addition to receiving a monetary payment in return for work performed, an employee will generally earn additional benefits often called Entitlements. Examples include annual leave, long service leave and sick leave. |
Non-paying transactions |
These transactions do not affect an employee's pay. For example, on-costs such as employer contributions or payroll tax, and details about an employee's work patterns, such as days worked or equivalent hours worked for a salaried employee. |
See also |
