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Salary Basis
Posted: Sun Apr 26, 2009 10:41 am
by ssalipk
Hi All,
I need to ask one question regarding Salary Basis, that it is necessary to map all the elements with salary basis or just map with Basic Pay as we select this in assignment window.
Regards,
Posted: Tue Apr 28, 2009 10:58 am
by alruwaished
depand in your business you can link any element to the basic salary.
Posted: Tue May 05, 2009 7:45 am
by m_muzamil_khan
This is basically depend upon your business rules or requirement, but I will explain you as what I did with my organization.
Fixed Salary = Basic Salary + Food Allowance + Housing Allowance +Miscellaneous Allowance +Transport Allowance
the most important thing is that which element are costing or which element are not.
so better to communicate with finance needs and at least define those necessary element that will be transfer to GL, after running the payroll and costing processes.
Kind Regards,
Muzamil Khan
Posted: Wed May 06, 2009 5:50 pm
by ssalipk
Thanks Muzamil and alruwaished , I have understand this concept.
Posted: Thu May 07, 2009 7:51 am
by alruwaished
Hi Dear ssalipk
Can you explain what you understand to all member to benfit them please
regard
thanks
Posted: Fri May 08, 2009 4:34 am
by ssalipk
Salary Basis is the main driving salary component of your salary structure. The other salary components are driven by this component. So ideally there will be only one Salary basis.
You can not attach multiple salary basis to single assignment.
Am I correct? if wrong please tell me
Posted: Tue Jun 02, 2009 10:11 am
by eng_ahmad_2007
Dear ssalipk,
You are correct. You can not assign more than one Salary Basis to an assignment. Besides, defining more than onse salary basis is controlled by client business; i.e. If you have more than one category of employees paid differently, then you can define two elements and link them to two salary bases to identify the two salary element that will be assigned to employeed based on them.
In other words, usually you need to link Basic Salary element with the Salary Basis, but you might need other element as per you business rules.