Deduction Code

Assign the code a unique identifier.

Description

Enter a meaningful name to the Deduction.

 Deduction Type

Select the code applicable for STP reporting

Calculation Method

This list is used to instruct the system how the deduction is to be calculated. An example is a percentage of the employee’s net salary. Select a value from the list. Based on your selection from the Calculation Method pick list either the Deduction Value or Percentage fields will be enabled.

Clearing Account

Nominate a General Ledger account for the Deduction. Select a value from the list by pressing the dropdown arrow.