What are the Paycode Types and Paycode Classes?

The two paycode types in thread are the following:

1. Benefit
2. Deduction

Also, the Paycode Classes that we can select upon creating a paycode are as follows:

1. Salary = Taxable or Non-tax indicator. Used to refer to employee's basic pay and government taxes setup.
2. Salary Percentage = Based on the maintained percentage of Salary. This paycode is used for employee's timekeeping related data such as Overtime, Lates, Undertime, etc.
3. Fixed Amount = Maintained fixed benefit or deduction (such as but not limited to Allowances) amount in the paycode. The release will be based on the Paycode's frequency on the Emp Setup.
4. Loan = Used to maintain the Loan Paycode only; The entire computation and frequency, etc. is being maintained under Loan Setup menu.
5. Bonus = Used to maintain the Loan Paycode only; The tagging, amount and the paycode are being maintained under the Bonus Setup menu.
6. Adjustment = Used to maintain different available adjustments.