Salary Component

1.     Go to Salary Component list, click on New.

2.     Enter its Name and Abbreviation.

3.     Enter Description of the Salary Component (optional).

4.     Enter the Company name and the Default Account of the Salary Component in the Accounts table.

5.     Save.


Conditions and Formula:-

1) Condition and Formula required for the calculation of the Salary Component can be specified.