Define Wage Code Main Settings

Explanation

This activity is used to define a wage code for payroll purposes. The wage code is simply a work item along with a calculation of linked numerical quantity. The wage code definition is crucial for assessing the value of employees' work and bonuses which can then be paid out in remuneration.

Prerequisites

There are no prerequisites.

System Effects

There are no system effects.

Window

Wage Code

Related Window Descriptions

Wage Code

Procedure

  1. Open the Wage Code window.
  2. Create a new record to define a new wage code.
  3. Specify a unique id for the wage code in the Wage Code Id field.
  4. In the Name field, enter a name for the wage code.
  5. Specify an order for counting which should be a numeric value in the Counting Order field.   
  6. In the Wage Code Class Id field, select a wage code class for accounting purposes. You can also use the list of values.
  7. Select a manner in which the wage code is required to apply in payroll archives in the Archive Type field. Alternatively, you can use a list of values.
  8. In the Wage Code Type Id, select the proper wage code type. The list of values can also be used. This is used for categorization only.
  9. Save the wage code definition.
  10. Select the Std Wc check box if you want to make the wage code definition available for modification to administrators only.
  11. If the calculation result is equal to 0 and still should appear in the calculation, select the Show Zero check box.
  12. Select the Periodic check box if the wage code is to apply to weekly employee schedule and advance holiday pay (usually in the UK). The check box is related with the Rule2 dropdown list.
  13. If the wage code has some parameters from the past which can be used multiple times, select the Prev Period check box.
  14. Check the Cumulative Wc Tax and Cumulative Wc Acc boxes, if you want the wage code to go into the cumulative tax and accounting archive.
  15. If payroll elements specified in the wage code are to be effective on the payroll date instead of element effective date, select the Rule 1 check box.
  16. Save the information.