What is component?
The component is the label assigned to a specific rule calculation. It defines what the final amount represents, such as a "Base wage," "Night bonus," or "Travel allowance."
Setting clear components is crucial for getting a detailed breakdown in your exports, price quotes, calculations, API integrations, and margin calculations.
Why are components important?
Detailed exports: When you export your data for payroll or accounting, components allow you to see separate columns for base pay and bonuses.
Clear documentation: On generated PDFs, components provide a transparent breakdown.
Organizational clarity: If a staff member earns €250, components show exactly how that was reached (e.g., €200 was the "Standard rate" and €50 was an "Overtime" bonus).
API integrations: Each component has its own code that can be read by machines to ensure seamless data transitions into your payroll or accounting system.
💡Tip: Keep the component code simple and without space characters (e.g., "BASE_WAGE" instead of "Base Wage").