Opaido · Glossary
HR, Payroll and Accounting Glossary
Every submission, statutory deduction, pay component and employment concept used in South African payroll - explained in plain language, and how it fits together.
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Payroll
Submissions SARS and statutory filings - EMP201, EMP501, IRP5, UIF declarations and more.Statutory deductions PAYE, UIF, SDL, OID and the other deductions South African law requires on every payslip.Pay components Earnings, allowances, deductions and fringe benefits that make up an employee pay structure.Leave Annual, sick, maternity, parental and family responsibility leave rules.Employment Contract types, nature of person classifications and employment lifecycle terms.Tax directives SARS directives that override the standard PAYE tables - lump sum, fixed percentage, director and PSP rates.
HR
Human resources The HR lifecycle - onboarding, policy, employment equity, training, discipline and the South African statutory framework around it.Recruiting Talent acquisition from vacancy to offer - sourcing, screening, interviewing, assessment and hiring metrics.Performance management Goal-setting and measurement - KPIs, OKRs, appraisals, scorecards and the review cycle.
Browse by topic
Submissions SARS and statutory filings - EMP201, EMP501, IRP5, UIF declarations and more.Statutory deductions PAYE, UIF, SDL, OID and the other deductions South African law requires on every payslip.Pay components Earnings, allowances, deductions and fringe benefits that make up an employee pay structure.Leave Annual, sick, maternity, parental and family responsibility leave rules.Employment Contract types, nature of person classifications and employment lifecycle terms.Accounting Bookkeeping, financial statements, tax and the accounting treatment of payroll - debits and credits through to the income statement and balance sheet.Concepts Foundational payroll, tax and employment terms - the building blocks every other entry assumes.Tax directives SARS directives that override the standard PAYE tables - lump sum, fixed percentage, director and PSP rates.Human resources The HR lifecycle - onboarding, policy, employment equity, training, discipline and the South African statutory framework around it.Recruiting Talent acquisition from vacancy to offer - sourcing, screening, interviewing, assessment and hiring metrics.Performance management Goal-setting and measurement - KPIs, OKRs, appraisals, scorecards and the review cycle.
A-Z index
A
AbsenteeismAccommodation fringe benefitAccount (ledger)Accounting periodAccounts payableAccounts receivableAccrualAccrual accountingAcquisition of asset below valueAdditional medical expenses tax creditAged analysisAllowanceAmortisationAnnual leaveAnnual training reportAnnualisationAnnuityApplicant tracking systemAssessmentAssessment centreAssetAsylum seeker (employment)Audit
B
C
CalibrationCandidateCandidate experienceCapitalCareer pathingCashCash accountingCash flow statementCCMACellphone allowanceChart of accountsClearance numberClose corporationClosing balanceCode (payroll)Code of conductCommissionCompany car fringe benefitCompensation and benefitsCompetency-based interviewContinuous feedbackContributionControl accountCorporate income taxCost centreCost of employmentCost of salesCost per hireCost to companyCost-of-living adjustmentCounter-offerCredit (accounting)Credit noteCurrent assetCurrent liabilityCurriculum vitaeCustoms Code
D
E
EarningsEBITDAEMP101EMP201EMP501EMP501 reconciliationEmployeeEmployee codeEmployee handbookEmployee lifecycleEmployee referralEmployee self-serviceEmployerEmployer brandingEmployment contractEmployment equityEmployment equity reportEntertainment allowanceEquityETIETI wage floorExcise DutyExecutive DirectorExemptionExit interviewExpenseExport Code
F
G
I
J
L
M
N
O
P
Parental leavePartnership AgreementPay componentPay cyclePay for performancePay frequencyPay gradePay periodPay runPAYEPAYE reference numberPayment (to SARS)PayrollPayroll accountingPayroll accrualPayroll clearing accountPayroll journalPayroll liability accountPayslipPBO donation (payroll giving)Pension fund contributionPensionable earningsPerformance appraisalPerformance bonusPerformance cyclePerformance improvement planPerformance managementPersonal service providerPetrol card fringe benefit (80%)Petty cashPOPIA (Protection of Personal Information Act)PositionPostingPrepaymentPro Forma InvoicePro-rata payProbationProfitProvident fund contributionProvisionProvisional taxProvisional TaxpayerPSP tax ratesPsychometric testPublic benefit organisationPublic holidaysPublic Officer (SARS)Purchase Order
R
S
Salary benchmarkingSalary control accountSARSSARS e@syFile EmployerSARS eFilingSARS submissionSavings deductionScorecardScreeningSDLSDL exemptionSection 11F retirement deduction capSection 18A donation deductionSelf-assessmentSETASeverance payShare options (s8A)SIC code (Standard Industrial Classification)Sick leaveSkills developmentSmall Business Corporation (SBC) TaxSMART goalsSourcingSpan of controlSpecial Economic Zone (ETI)Special remunerationStaff turnoverStatement of AccountStatement of changes in equityStatutory deductionStretch goalSubledgerSubsistence allowanceSuccession planning
T
Take-on valuesTalent managementTalent poolTargetTax bracketTax certificateTax directiveTax InvoiceTax periodTax rebateTax Reference NumberTax residencyTax thresholdTax yearTaxable allowanceTaxable incomeTemporary / part-time employeeTermination of employmentTerms and Conditions (T&Cs)Third-party paymentsTime and attendanceTime to hireTool allowanceTotal rewardsTravel allowanceTrial balanceTurnoverTurnover TaxTurnover-Based VAT Registration
