Understanding Component Pay Types

Component pay is a method of paying employees or contractors where a single pay type entry automatically results in the creation of multiple timecards based on pre-defined rules that are assigned to the original pay type. You use the Component Pay Instructions program (P05601) to set up instructions to generate component pay transactions for base pay types. You can add multiple component pay instructions for a single base pay type. You can also copy instructions from one base pay type to another.