Summary
The Pay Items allow administrators to manage a number of monetary components which factor into an employee's pay. They are fully customizable and can either be additional payments or deductible sums.
Pay Items are separated into Categories, CPF type, and IR8A codes. Selecting the correct option is integral as this will affect how much CPF you have to pay or how much tax your employees are liable to pay in their yearly IR8A submission.
How to create a new pay item
Head to Payroll > click on Pay Items on the side menu
Click on the + New Pay Item button at the top right-hand corner.
Enter the Description or the name of the pay item
Select the Category of the pay item from the dropdown list
Select the CPF type from the dropdown list
(Note: For more information about the different types of CPF contributions, click here)
Select the IR8A code from the dropdown list
(Note: For more information about IR8A codes, click here)
Decide on the unit this pay item is based on. $, hours, or days.
You can choose to set a default amount per unit.
You may choose to have this pay item appear when managers/employees assign shifts. Or when employees request ad-hoc pay items.
You may choose to exclude this pay item from project costing
If this pay item is not in use anymore, you may archive it too.
You may choose the preferable proration formula and attendance conditions (if any):
Click Submit to create the pay item
How to View, Edit or Delete an existing pay item
Head to Payroll > Pay Items on the side menu
On the row of each respective pay item, you can choose from the options to View, Edit or Delete
If you click View for the particular pay item, you will be brought to a page showing the details of the pay item. From here, you can also choose to Edit the pay item if you want
If you choose to Edit, you will be brought to a new edit page. Follow the above guide (How to create a new pay item) to make the necessary changes
At the bottom of the page, click Submit to apply the changes
If you choose to Delete, a pop-up message box will appear. Click Ok to verify the deletion of the pay item
Feel free to contact us if you face any difficulties through the support chat icon on the bottom right of the screen or email support@payboy.biz. We will get back to you within 3 working days.