Bonus amounts can be included as part of a normal pay run together with the standard earnings and deductions. The PAYE payable on the bonus is included in the total PAYE amount for the period. The tax deducted on the bonus is explained in the Tax Display reports. You will notice that the bonus tax free amount, not already utilized, will have been deducted from the bonus amount and then the balance taxed at normal rates.
For more information on how to create the Bonus Transaction Code see the 'Earnings - Bonus' topic:
To process the Bonus Transaction using Payslip Input:
- Go to the 'Process' menu
- Select the employee from the table of listed employees
- Press 'Insert'
- Lookup and select the Bonus Transaction Code.
- Enter the amount of the Bonus
- Press OK. The Bonus will then be automatically added to the Earnings and Deductions for the employee.
For more information on interpreting the Tax Display report: FDS Forecast
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