Revision: 6929a4cdbb
Edited ByondHR Payroll Management
Restore Revision
@@ -1,14 +1,14 @@
To process Payroll in ByondHR,
- 1. Define Payroll Period
+ 1. Define Payroll Period
- 2. Create new Salary Component (optional)
+ 2. Create new Salary Component (optional)
- 3. Create Salary Structure with Salary Components (Earnings and Deductions)
+ 3. Create Salary Structure with Salary Components (Earnings and Deductions)
- 4. Assign Salary Structures to each Employee via Salary Structure Assignment
+ 4. Assign Salary Structures to each Employee via Salary Structure Assignment
- 5. Generate Salary Slips via Payroll Entry.
+ 5. Processing Payroll
1\. Payroll Period
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@@ -22,7 +22,7 @@
### Salary Component Setup
-Salary Structure
+3\. Salary Structure
----------------
Salary Structure represents how Salaries are structured and calculated based on Earnings and Deductions. Salary structures are used to help organizations define salary components entitled by different employee group.
@@ -39,12 +39,12 @@
All of the mentioned Salary Component has preset into your ByondHR system, You can add the components into your salary structure as per your company payroll setup.
-Salary Structure Assignment
+4\.Salary Structure Assignment
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Salary Structure Assignment allows you to assign salary structure and specify the base pay eligible for each employee. It is important that you set the **base salary** here as this will be the base salary used for calculations as per the Salary Structure.
-Processing Payroll
+5\.Processing Payroll
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You can either bulk process payroll for Employees under a department, branch or designation or process payroll individually by creating Salary Slips for each employee.