Additional Salary is something that an Employee receives from the company they work for, other than their usual pay.

StrideERP has a feature called "Additional Salary" that enables you to add or deduct extra payment for a specific employee when processing payroll. This feature can serve different purposes such as giving performance bonuses, deputation allowances, paying arrears, providing incentives, and making other required adjustments.

1. Pre-requisites

Before creating an Additional Salary, it is advisable to create the following:

• Employee
• Salary Component

2. How to create an Additional Salary

To access Additional Salary, go to:

People > Payroll > Additional Salary

Select the 'Overwrite Salary Structure Amount' checkbox to overwrite the Additional Salary component on the Salary Structure amount.

3.Features

3.1 Recurring Additional Salary

By checking the "Is Recurring" option in the Additional Salary feature of StrideERP, users can create a fixed interval for adding or deducting extra payment for an employee. To set this up, the user needs to specify a "From Date" and a "To Date". The additional salary amount will be added or deducted for the employee during the specified date range, and will be reflected in the employee's salary slip. This process will be repeated every month between the "From Date" and "To Date" interval.