A new company may be necessary if you need to process payrolls through various tax-registered entities.
It is not possible to create a new pay group and add it to an existing company, instead, you need to first establish a new company and then create new pay groups for it.
To create a new company, follow the steps below in Portal.
Click Settings then under Company Parameters, click Organisations.
In the Code field, enter a known company code.
🤓Tip: Choose a company that’s already set up correctly and has a payroll calendar in place.
Click Copy Company then in the To Company code field, enter the new company number.
Click OK then from the Select Detail drop-down menu, review the following elements:
Company Parameters
Payroll Parameters
Revenue Details
Payroll Calendar
Miscellaneous Parameters
Bonus Parameters