Wages -> Salaries -> New salary
When adding salaries, there are two options – for each employee individually or for multiple employees at once. To add individually, click on the “New Salary” button, and for calculating for multiple employees at once, click on “New Salary for Multiple“. In the latter case, make sure to set up the salary and applicable taxes on the employee’s card beforehand.
The calculation method for salaries is the same for all types of salary components. However, the tax obligations may vary depending on the type, and these need to be specified on the employee’s card.
In this guide, we will cover adding a new salary individually. In the view for adding a new salary, there are five panels:
- General information
- Salary parts
- Withholdings
- Taxes
- Holidays information and Aggregated
First, select the employee for whom the salary is being calculated, followed by the salary period. By default, the period is the current month, and the salary calculation date is today’s date. If you are calculating salary for the previous month, you can use the quick option “Previous month” to change the period. When the period is changed, salary data from the employee’s card and any calendar events (such as holidays or sickness) will be loaded. The salary calculation date should be set to the end of the calculation period to ensure that the salary and taxes are reflected in the correct expense month. Once the general information is set, you can modify or add salary parts if needed, such as additional bonuses. To add a new salary part, click “Add New Line” and choose the appropriate salary type from the dropdown menu. In the Salary Parts panel, the salary amount is displayed according to the data set on the employee’s card (monthly salary, hourly wage). Here, the withholdings from the employee’s net salary are reflected (e.g., bailiff’s claims). By default, the financial account is set to 2613 Withholdings from net salary. Such a claim must be marked as paid when fulfilling the obligation as a financial entry. The default withholdings account can be changed in “Settings -> Automatic Entries -> Salaries -> Withholdings from Salary.” Taxes applied to the salary can be indicated or adjusted if necessary in the “Taxes” panel by checking the box in front of the tax name. The Holidays information panel displays the number of accumulated vacation days at the start of the calculation period and the 6 month average daily rate. The info button next to the average daily rate shows the data used for the calculation. The 6 month average daily rate will not be displayed if no salary has been entered for the employee in the 6 months prior to the selected period. The Aggregated table shows the employer’s total cost, total tax amounts, and the net and gross salary. If all information have been checked, save the salary. For any additional questions, please write to us at support@simplbooks.ee.
If the employee’s card specifies an hourly wage calculation, the default display will show the number of standard working hours for the month (assuming no absences in the calendar). If the employee works part-time or according to a schedule, you may need to adjust the number of hours worked. Separate work schedules cannot be created in SimplBooks.
Leave A Comment?