Basic Pay refers to an employee's normal wage rate during a specified pay frequency. It excludes non regular payments such as bonuses, overtime, commission etc. Basic Pay is pre-set as a recurring payment i.e. it will automatically apply to the employee's wages every time the pay is calculated.
Please use the term BASIC PAY to represent your company's basic pay which is paid to all your employees at all times. Do not create other similar pay items, such as Basic Wage or Basic Salary etc., to be used instead of the pre-set Basic Pay because some applications in this program link only to the pre-set Basic Pay i.e. hourly holiday accrual, etc.
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