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Deductions may be defined for anything other than National Insurance contributions; such as group medical insurance, loan payments, pension plans, etc.
As with Additional Earnings, Deductions may be Defined as
•a fixed amount
•a fixed amount set per employee
•a fixed amount set per payroll cycle
•a percentage of regular earnings
Once defined, deductions may be assigned to the employee record or assigned during payroll processing (depending on the type of deduction). This allows for both a standing deduction at each payroll cycle or the occasional deduction as the need arises.
To Create a Deduction
1.Select Setup, Company, then Deductions
2.Enter a code to identify this deduction
3.Enter a description
4.Enter a GL Account ID if you are exporting to an accounting program ( eg QuickBooks)
5.Enter a GL Sub Account ID if applicable to and supported by the accounting program
6.Select the calculation type based on the list above
7.If applicable, enter the amount of the deduction based on your selection above
8.If a percentage, enter Employee and Employer percentages
9.Click Save to write the record
See Also
•Company Configuration
•Email Settings
•National Insurance Rates
•Define Additional Earnings
•Create Job Codes
•Create Departments
•Create Employees
•Cheque Printing
•Time Card Import
•Time Card Earning Codes
•Direct Deposits
•G/L Export
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