Earnings

Use earning elements to define all types of compensation for a payee, including salary, fees, bonuses, commissions, pensions, and retirement pay.

You can define the following four types of calculation rules for earning elements:

• Amount

• Base * Percent

• Unit * Rate

• Unit * Rate * Percent

For example, you can define an earning element as EARNINGS1 = Unit * Rate. The components of this element (Unit and Rate) take on the same attributes as the element itself. If you change the values of the element, the values of the components also change. Once you define an earning element, you can reuse its components so that you don't have to redefine components for every new element.