Frequently Asked Questions

Add formula based Salary Structure
User can create a Salary Structure in Timelabs Payroll with formula specific calculation. User needs define his Salary Structure in Salary Group. Before creating a Salary Group all salary components should be created in the software. See the example of Salary components below:

User can create as many as Salary Components/Salary Heads in the software. Once Salary components are created, map that components in Salary Group.

From below page of ‘Assign Salary Heads’ shows a Salary Group settings and components formula:

To set a formula on a component click on Edit icon as shown below from ‘Assign Salary Head’ page:

The next pop-up will open component’s properties.

Here you need to click on FORMULA icon to set a formula.

From above page user can pick any predefined component/head and create a calculation formula. Clicking on OK button will save component’s formula.

Apply formula on Additional Heads:
There are some components which are not the part of regular Salary Structure. These are called ‘Additional Heads/Components’. If you wish to add such type of components, you need to first create all those components from ‘Additional Heads’ page.

While adding a new Additional Component you can either make it open or set formula for the calculation:

Clicking on FORMULA icon will open formula calculation popup:

Here you will find some additional variables along with Additional Components. User can use that variables for the formula creation. Clicking on OK button will update component’s formula.

 Last updated Mon, Jul 18 2016 5:15pm

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