You have the option to set up a scheduler for any annual payments/recoveries, so the instructions are being carried out by the system automatically.
Pls note: When creating the salary component, you must ensure that the “Is Scheduled Pay?” box is checked under SettingsàSalary Components.
To set up the standing instructions, follow the below steps:
On the Home Page click “Transactions”.
Scroll down to Compensation.
Click “Setup Scheduler”.
To create/set up new Standing Instruction individually.
Click “SETUP”.
Select the scheduler component from the drop-down.
Click “Next”.
Select the “Criteria” from the drop-down.
Select a specific criterion or click “Select All”.
Click “Add Criteria”.
The fields and the criteria chosen will be displayed.
Click “View Employees” to select the employees from the drop-down for whom the Standing Instructions will be applicable.
Select the employees by checking the box against their name or you can check all employees.
Click “Next”.
Select the “SCHEDULER TYPE” which is the frequency of the payment/recovery from the drop-down menu.
1. Yearly – if it is going to be paid on an annual basis maybe a specific month/s in a year.
2. Ad hoc- if it is going to be a one-off payment/recovery.
