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Deductions |
  
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Deductions |
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For an overall picture on how deductions fit into things in e-PayDay® see Tutorial
Deductions are listed in the Pay Types List Screen. To access this, click on the 'Pay Types' picture button. Select 'Deductions' from the four (4) options at the bottom left of the window, a list of all deductions only will display.
A deduction can be a regular or iregular amount deducted from an employee's pay eg. an employee purchases from his employer, garnishee amounts, loan repayment, union etc.
A deduction also may be used where an employee pays a voluntary superannuation.
A deduction can be either a nominated amount for everyone or a variable amount set in the employee record.
A deduction can be by Dollar Amount ($), percentage (%) of the ordinary hourly rate or by percentage of the Ordinary Time Earnings (as defined for superannuation)
A record can be kept and reports printed on the deductions made from payroll and paid to the deduction payee.
There are two (2) types of deductions:
1. Deductions made during the payrun from the Gross pay AFTER tax installments have been deducted.
2. Amounts deducted from the Gross pay BEFORE any tax calculations. This facility to make a deduction before tax has been provided as an option for special purposes.
For more information....
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