How to Create New Earning Types

Flexibility is the name of the game when it comes to payroll! Creating new earning types allows you to customise how you track and process different types of compensation.

What are Earning Types?

Earning types are like different pockets in your financial wardrobe - each designed to categorise and track specific types of income. Whether a bonus, overtime, or a special commission, earning types help you keep everything organised.

Step-by-Step Process to Create a New Earning Type

  1. Go to Payroll>Settings on the main menu

  2. Select Earning Type

  3. Click Add Earning Type

  4. Choose the appropriate category for the new earning type

  5. (Optional) Add an alternative name if you'd like

  6. Click Save

Pro Tip: Be specific when naming your earning types. Clear names make reporting and tracking much easier down the line!