Setup Basic Payroll
Inspire by STX offers two ways to setup payroll for your workers:
Setup Basic Payroll: A great solution if your business does traditional pay structures with service or product commissions, hourly pay or overtime pay.Setup Compensation Methods: If your business needs to create unique compensation methods like greater than, less than scenarios or control over when service fees are deducted.
You can have the best of both worlds! If you enter values in Setup Basic Payroll and assign a compensation method (including an option to use the Basic Payroll formula) you can have the worker on both the Process Compensation and Basic Payroll Report.
Basic Payroll Summary
Setting up Basic Payroll is super simple, you will see a list of all active workers and the ability to update their pay details, those same details will appear on the Setup Worker Detail page too.
Service Sales Calculation: Set Price will calculate on the Service Price before promotions, rewards or adjustments, whereas the Paid Price will calculate based on the price after promotions, rewards or adjustments.
Product Sales Calculation: Set Price will calculate on the Service Price before promotions, rewards or adjustments, whereas the Paid Price will calculate based on the price after promotions, rewards or adjustments.
Apply Overtime After: Enter the number of hours to start calculating over time, then choose if that value is on a daily or weekly basis.
Worker ID: The worker ID is to enter any unique IDs from your payroll software companies.
Pay Schedule: Select when this person is paid, On Demand (1st & 15th, Monthly, etc), Weekly (Every Week) or Biweekly (every other week). When Basic Payroll is generated, the worker will only appear in the pay schedule chosen.
Pay Schedule: Select when this person is paid, On Demand (1st & 15th, Monthly, etc), Weekly (Every Week) or Biweekly (every other week). When Basic Payroll is generated, the worker will only appear in the pay schedule chosen.
Service Commission %: Enter the percent to pay commission on. For example 40% is just "40".
Product Commission %: Enter the percent to pay commission on. For example 40% is just "40".
Deduct Service Fee Checkbox: If you would like to subtract service fees, enable this checkbox. The service fee will be deducted off the total service sales, then the commission precent will be multiplied, like this formula: (Service Sales - Service Fees) x Commission
Hourly: The hourly wage is for the Regular Pay before overtime is applied.
Overtime: The overtime hourly wage is for what to pay when overtime is applied.
Example: If hourly pay is $10.00 and overtime pay is $15.00, the weekly overtime applies after 40 hours in a week. If they worked 50 hours, it will pay $400.00 Regular Pay Hours ($10.00 x 40) and $150.00 Overtime Pay Hours ($15.00 x 10).
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