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Modifying Pay Types

L
Written by Lassi kähkönen
Updated this week

You can customize pay types to suit your company’s needs as follows:

Modifying Pay Types

  • Go to the Payroll section.

  • Select Pay Types.

Creating a New Pay Type

We recommend discussing new pay types with your accountant to ensure the definitions are correct.

Explanation of Terms

  • Enn.pid.?
    Is the pay type subject to income tax withholding? (Taxable)

  • Onko rahapalkkaa?
    Is this paid in cash?

  • TT-eläke?
    Is the employee’s pension contribution deducted from this pay type?

  • TT-tvm?
    Is the unemployment insurance contribution deducted?

  • AY-maksu?
    Is the trade union membership fee deducted?

  • Sotu-maksu?
    Is the pay type subject to social security contributions?

  • Kertyykö lomakorvausta?
    Does this pay type accrue holiday pay?

  • Onko lomakorvaus?
    Is this pay type itself a holiday compensation (e.g. holiday bonus)?

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