Instructions - WiseEconomy: Creating a Payroll Item

1. Payroll items can be found in the system under:
→ Economy
→ Salaries
→ Payroll products

On the Payroll Items tab, one or more payroll packages used in employment contracts can be added.

To add a payroll item, click on the "Add New" button in the top right corner of the summary table.

2. Clicking on the "Add New" button opens a blank draft where you define the salary type, the name of the payroll item package, and all the necessary rows for payroll calculation.

To add a new payroll row, click on "Add Row", and select the payroll row from the dropdown menu behind the codes.

The codes for payroll rows are imported from the Income Register to the payroll system as they are, which facilitates the generation of payroll reports. Payroll rows are transferred to payroll reports based on these codes, so they should not be modified.

3. Create a new payroll item and name it for identification.

• With the "Add Row" function, you can search for payroll items for the payroll item using the codes compliant with the Tax Administration's Tax Register.
• With the "Add Empty" function, you can create an empty payroll row, such as accounting entries, for the payroll item.

Multiple different payroll items can be created for a company, or one payroll item can encompass all the types of pay used by the company.
Payroll rows are always accounted for directly under the payroll item.

4. The accounting entries for the payroll item are added by clicking "Add blank".
The codes for accounting entries are shown in the accompanying image.

Code "-2" means that no fringe benefits are considered in this accounting entry.
Code "-1" means that taxable income is considered in this accounting entry.