Payroll Processing: Company Contributions
Description

Company Contributions are amounts paid by the company on behalf of the employee

Cause
Resolution

Use this screen to enter the Company Contribution amounts. Up to 72 different Company Contributions can be defined.

NOTE: The Routing code CC may also be used to access an employee’s Company Contributions screen from any of the employee’s screens

Entering information on the Company Contributions screen is done in the same way as entering information on the Deductions screen.

Fixed Company Contributions

Company Contributions, which are automatically calculated such as UIF are displayed in the Fixed column. Pension, Provident Fund and Medical Aid can also be calculated using a Method of Calculation and if so, will also display in the Fixed column.

Amount and Times Company Contributions

Company Contributions that must be entered manually or should only be contributed for a certain period should be entered in the Amount column. The system will then prompt you for the Number of Times for the contribution.

It is advisable to define all applicable Company Contributions so that the correct Salary Cost of an employee is calculated.

 

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