This screen allows you to create a new component entry. The component subtypes available for you to create may differ depending on the country and component type selected. This document provides an example of a financial component entry for Malaysia.
Go to HRM/Setup/Payroll/Setup/References/Components, and click New. Then, click the hyperlink under the Description column to create a new entry for the corresponding component.
To create new payroll components, function right 508 – Maintain payroll components is required. Users with the HR role have this function right.
For more details on what you can do with function rights or levels, go to System/Setup/Security/Function rights, select the required module, and then click on the relevant ID. To find out the functions you can perform with a particular role, go to System/Setup/Security/Roles, type in the description, click Refresh, and then click the required link under the Role column.
Click this to save the details of the component.
Click this to save the details of the component and create a component entry.
Click this to exit.
Note: Some sections or fields may differ depending on the component subtype selected.
Type the unique code of the component. This is mandatory.
Type the date to specify when the component will be valid. This is mandatory.
Type the date to specify when the component will expire.
Type the description of the component. By default, the description follows the name of the component subtype.
This displays the component subtype.
Select this check box if you want the amount or percentage of this component to be modified per person. Otherwise, clear the check box to disallow modifications per person for the amount or percentage of this component.
Select this check box if you want the component to be linked to a new person automatically. Otherwise, clear the check box and the component will have to be manually linked to a new person.
Select this check box if you do not want the component to be linked to anyone. Otherwise, clear the check box to allow this component to be used.
Select this check box to specify that the component is a prorated component. If the component is not a prorated component, clear the check box.
Note: This field is disabled if Daily, Hourly, or Once-only is selected at Payment period in the Calculation section.
Select Working days or Calendar in the first box to specify the number of work days. These are available for selection if you have selected N/A at Origin in the Calculation section. In the second box, select Fixed days, Working days, or Calendar to determine the denominator for the prorate calculation.
Note: This field is enabled only if you have selected the check box at Prorate Component.
Type a value to specify the number of days for the prorated period. This is mandatory.
Note: This is enabled if you have selected Fixed days in the second box at Prorate Basis.
Select the corresponding check box(es) to include the component in the EPF, SOCSO, or TAX contribution. Otherwise, clear the check box(es).
Select the available options for each field to specify the category that the calculated amount for the component will fall into on the respective forms.
Select one of the options below to specify the option which the calculation will be based on:
Note: This field is enabled for selection depending on the component subtype selected.
Select one of the available options to specify the frequency of the component to be calculated.
Select Amount or Percentage to specify the unit for the component.
Type a value to specify the amount or percentage of the component. For example, if you are creating an entry for component subtype Allowance, the amount filled in is the allowance given to people for each payment period.
Note: Amount or Percentage will be displayed depending on the option selected at Unit.
This displays the party who will be making the payment for the component. This field is disabled.
Type or select an account number to specify the general ledger account to be debited or credited when the component is used. This is mandatory.
This displays the payment term for the component. This field is disabled.