Annual Bonus

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:

1. Go to the employee's profile.
2. Click Add next to Payslip Inputs.
3. Click Annual Bonus under Income.

4. Enter an amount.

   Calculating a bonus with a formula

   To use a formula to calculate the bonus, enter it in the amount field instead of a fixed amount. Formulas must start with =.

   For example, enter = basic_salary * 0.5 to pay a bonus of 50% of the employee's basic salary.

5. Click Save.

The annual bonus will be included in the employee's taxable income, which will result in an increase in PAYE, unless the employee is PAYE exempt. To view how the PAYE for the employee is calculated, click PAYE under Payslip on the employee's profile.