How do I create a Directors fee that is added to a payrun every pay period

Authors Microkeeper

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How do I create a Directors fee that is added to a payrun every pay period?

Author Dylan Wong@Microkeeper

Category Payroll Rules

Last Modified 26/06/2024

An automated Director's Fee payment can be created using an Extra Earnings Rule.

In this example we are setting up a employee to receive a flat $1000 weekly payment as a Director's Fee

Navigate to Menu > Settings > Payroll rules > Extra Rules, click the Create New Rule button to configure the allowance.

Key values to configure:

Title: This will be the Payslip title of the allowance. For example "Director's Fee".
Type: Select "Fixed".
Employee/Group: Select who is eligible for this allowance. For example, "John Smith"
Value: Enter the amount to be paid. For example "1000".
Classification: Select "Bonus".
STP Category: Select "Gross".

Frequently Asked Questions

How do I create a Directors fee that is added to a payrun every pay period?