Preset Payroll Items in PayrollPanda
Preset payroll items are predetermined categories in payroll software that can be used to simplify and automate employee payroll processing. These categories can include items such as:
- An employee’s base salary
- Overtime pay
- Periodic bonuses for performance or holidays
- Commissions
- Allowances
- Deductions and contributions
- Payroll taxes
- Expense reimbursements
- Child support and garnishments
- Employee benefits
Using preset categories for calculating employee payroll can help to ensure standard calculations and deductions during every payroll run while, ensuring consistency and compliance with company policies and legal requirements. Learn more about running payroll with preset payroll items with the following poster.
