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Annual Bonus

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.