Primary Element Classifications
Elements are grouped into primary classifications, such as Earnings and Voluntary Deductions.
These classifications control processing, including the sequence in which elements are processed and the balances they feed.
Navigation:
You can use the primary element classifications and some balances to reflect the tax legislation. You can't remove or change predefined classifications. When you select an element classification, such as Standard Earnings, Supplemental Earnings, Direct Payments and Taxable Benefits, the base template creates input values for Amount, Periodicity, and Full-Time Equivalent.(FTE)
You can also create additional parameters for element classifications such as:
- Create additional balances that the primary classifications feed.
- Create secondary classifications.
- Specify costing setup options and frequency rules for element classifications.
Tip: The default frequency rule is always each period.
You can use these primary classifications for Ireland:
- Absences
- Absence Accruals
- Balance Initialization
- Employer Charges
- Employer Taxes
- Information
- Direct Payments
- Involuntary Deductions
- Social Insurance Deductions
- Prestatutory Deductions
- Standard Earnings
- Supplemental Earnings
- Tax Deductions
- Voluntary Deductions
- Taxable Benefits
- Pension Plan Prestatutory
- Pension Plan After Tax