Overview
The Employee Compensation module helps you record how employees are paid for the services they provide.
Compensation records improve payroll accuracy while giving business owners valuable insight into labor costs and profitability.
Compensation Types
Depending on your business, employees may be compensated using:
* Hourly pay * Salary * Commission * Percentage of service sales * Retail commission * Tips * Bonuses * Other custom compensation methodsPeach Suite Pro is designed to support a variety of compensation structures.
Why Track Compensation?
Recording compensation allows you to:
* Calculate employee earnings
* Understand labor cost
* Improve profitability reporting
* Monitor production
* Prepare payroll
Best Practices
* Review compensation agreements regularly.
* Verify service assignments before payroll.
* Keep compensation information confidential.
* Document any compensation changes.
Coach Peach Says
🍑 Understanding labor costs helps you balance employee satisfaction with long-term business profitability.
Related Topics
* Employees
* Compensation Reports
* Business Summary
* Financial Guides