To manage an employee's payroll components (benefits, deductions, tax, company contributions, etc) you must have a contract in place for the employee. You can create a contract using the Payroll -> Contracts menu.
Click on the contract you wish to add the component. Under the Benefits and Deductions tab of the contract form click on the Add button to create a new component.
In the pop-up that appears, you can now select the Component or create a new component type using the Create and edit option in the dropdown.
Enter the amount and click on Save & Close. To create another component click on Save & New.
Finally, click on the Save button on the contract form.
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