Salary Structure Assignment Tool
Salary Structure Assignment Tool
You can create the same pay structure for many people using the Salary Structure Assignment Tool.This feature allows you to provide a large number of consumers with the same pay plan at once.It saves the payroll and HR staff a great deal of time and keeps everything the same.You can set up more than one pay structure at once without worrying about making mistakes because you have full control over filters, data quality, and assignment history.
1. Things you must have
Before you can make use of the Salary Structure Assignment Tool, you must have the proper documents.
Worker
Check that all of your employees are in the system and that they are linked to the right Company, Department, and Branch. Make sure their join dates are right and that they are marked as active.
The Pay Plan
Be precise about how to create and withdraw money, how to calculate the pay structures, and which taxes to remit. Also, every structure must have the correct Currency and Pay Frequency (e.g., weekly, monthly, etc.).
2. How to use the Salary Structure Assignment Tool to share Salary Structures
Select a corporation if you have not done so already.
It should also possess its own default Payroll Payable Account.
The selected company maintains a record of which staff are available for work and how the payroll details are posted into the accounting system.
Select the payment plan you would like to employ.Within that setup, it will determine how often payments are made and what currency is used.
Ensure the Salary Structure has all the correct components, amounts, and methods to pay individuals.
Select a date to begin distributing the Salary Structure.
This will involve all the employees in the Select Employees table below that do not have a Salary Structure Assignment on this date.
ERPNext ensures that an employee cannot have two different salary structures for the same period of time.
You must choose tax bracket,This ensures that the tax plan you decide on is based on how much money each employee earns.This illustrates how much money to extract from your workers' pay cheques for taxation.
If your company has more than one type of worker, choose the appropriate tax rate depending on your company's taxation policy or the type of worker you have.
You are able to group employees by their job title, department, branch, employee grade, etc., using Quick Filters.
Advanced Filters provides you with the option to use even more detailed filters.
You can sort out employees by their date of join, category of job, or any other field you include in the Employee Doctype.
The following table, identified as "Select Employees," will assist you in selecting the correct individuals.
You can choose all of the employees or some of them by checking the box beside their names.
This feature informs you who will receive the pay scheme you selected.
To edit an employee's Base and Variable numbers, double-click in the cell you wish to edit and make the adjustment.
Click Update to update a batch of these figures at one time.
Select the field you wish to update (Base or Variable) and enter the number you desire.
Click "Update" to update all the staff you select at present.
The Base Amount is the same quantity of money that is disbursed every pay period.
Variable Amount is money that varies each month, like bonuses, incentives, or reward pay depending on how well you perform your job.
They can be changed and signed off before the job is finished.
This ensures all employees' pay packages are posted correctly before payroll commences.
If all seems well, press the Assign Structure button.Depending on what you provide it, ERPNext will create Salary Structure Assignment records for all the employees you select automatically.They will detail how each individual is being paid, what the various components of their remuneration are, and which tax rates they are subject to from the given date onwards.
Then you can view or edit any task in the Salary Structure Assignment List.That way, it is simpler to monitor payroll and modify it.