SimplePay has a built-in item to accommodate the special tax treatment and reporting requirements for annual bonuses. An annual bonus is a reward (often performance-based) paid to an employee, usually at the end of the year or in the employee’s birthday month. To add an annual bonus to a payslip:
- Go to Employees and select the relevant employee.
- Click on Add (next to Payslip Inputs).
- Select Annual Bonus under Income.
- Enter an amount.
- Click Save.