Deductions may be applied to a timesheet after being created via this function. An example of a deduction is Union Fees.
1. Select a menu path of Maintenance Ø Deductions.
2. To create a new Deduction, select the ‘New’ button.
3. When finished creating the Deduction, press the OK button. The refreshed deduction window will be displayed
Explanation of fields – Deductions
|
Name |
Description |
|
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. |