How does Accumulation Agent work in greytHR?

Created by Product Content Team, Modified on Thu, 22 Feb at 4:36 PM by Product Content Team

 

The Accumulation Agent calculates the sum of a Payroll Item such as Basic Pay, Arrears, Chauffeur’s Salary, Conveyance, and CTC items for a particular month. 


To calculate the sum of payroll items, the admin must perform the following actions:

  1. From the greytHR Admin portal, navigate to Payroll Setup Payroll Repository. The Payroll Repository page opens.

  2. Select the Agent Info tab. The tab expands.

  3. From the Payroll Agent dropdown list, select Accumulation Agent.

  4. From the Payroll Item dropdown list, select the component that needs to be summed up.

  5. From the Start Month dropdown list, select the required month from when the accumulation must start.

  6. Select the Include Current Value checkbox if you want the current month to be included while calculating the sum.
    Note: If you enable the Include Current Value checkbox, then while calculating the sum if you have selected the start month as April it will be calculated from April to January. If you disable the Include Current Value checkbox, then the processed month is not considered while calculating the sum. It considers the sum from April to December.

  7. Select the Consider All Payroll checkbox to consider the calculation of the sum from the date of joining till the settled month. 

  8. Click Save Changes to update the customizations to calculate the sum of payroll items.




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Related Links:

Video- To watch videos on Payroll, click here.

FAQs- To read more FAQs about Payroll, click here.

Documentation- To learn more about Payroll, click here.

Product Update- To read about the product update, click here.



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