How do I set up Other Income?
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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