Employee Basic Salary
In order to define basic salaries of an employee create an
Earning Code for Basic salary as shown below.
Go to Payroll Module>Setup>Earning Codes
- Enter the name of Earning code as Basic Salary.
- Enter the complete name of Earning code in description field.
- Select the payment run type as “Primary”.
- Mark the “Base Earning component” check box.
- Select the Rate Basis as “Monthly”.
- Select Unit of Measure as “Hours”.
- Enter the ledger account associated with Salary in Posting rules under Accounting tab.
Following attributes needs to
setup before describing employee basic salary.
- Pay frequency
- Compensation grid
- Levels
- Compensation plan
- Eligibility rules
- Association of Base Salary code with Employee position
- Define Employee Basic Salary amount
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