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How do I set up Other Income?

Updated on Jun 12, 2023

POWERpay>>Maintenance>>Payroll Setup>>Other Income

Other Income

Bonuses and commissions: Employees may receive additional earnings in the form of performance bonuses or commissions based on their individual or team achievements, sales targets, or other performance metrics.

Step 1:Set up Income Types

Cash Items: check this box if the other income type is considered cash (vouchers etc.) Non-cash items include such things as compensatory time-off or the use of a vehicle to which a money value is attached.

Step 2: Link Income Type to Company

An income type can be linked to several companies.

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Payroll

Introduction & Key Concepts 2

Organisation Setup 9

Set Up Payroll Codes 12

Statutory Deductions 14

Tax Allowance Breakdown 9

Pay Cycles 3

Business Rules 14

Positions 2

Employee Data 5

Payroll Processing: Cycle Changes 15

Payroll Processing: Employee Transactions 12

Process Payroll - Fixed Data Imports and Smart Entries 2

Payroll Run 5

Process Payroll - Out of Cycle 3

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Payroll Adjustments 1

How to enter a Payroll Adjustment record?

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Payroll FAQs 5

How do I set up Other Income?

POWERpay>>Maintenance>>Payroll Setup>>Other Income

Step 1:Set up Income Types

Step 2: Link Income Type to Company

Payroll

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