How to Pay Directors Fees

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Paying Director's fees in KeyPay is simply a matter of setting up a new Pay Category called Directors Fees and changing a few settings. You can find the Pay Categories page under Payroll Settings > Pay Categories.

When you set up the pay category, select a unit type of 'Fixed' (rather than Hourly/Daily etc).

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Take note of the other settings (Super, Leave etc) and adjust as required. 

To use in a pay run as 'one off' payments:

You can then allocate earnings to that pay category in the pay run by expanding the employee, clicking the blue "Actions" button and then "Add Earnings":

To pay this automatically each pay run:

You cannot allocate a fixed pay category to an employee on their Employee File -> Pay Run Defaults page, however if you use a different pay category (such as Permanent Ordinary Hours), you can then go into the employees' Pay Rates page and put a pay rate against this pay category. Then, if you enter in the number of units (hours) you want to pay and tick the 'show in pay run' box it will create an earnings line in each pay run for you. 

If you have any questions or feedback, please let us know via support@yourpayroll.com.au

 

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