Can a Loan Deduction amount be captured as a part of a Take On?
This feature is available on all PaySpace editions.The pre-defined Loan Deduction component is not available on the Take On Year To Date Figures screen, as it has multiple fields that need to be populated.
Only the Fringe Benefit portion of the year to date Loan Deduction can be captured on the Take On Year To Date Figures screen.
Navigate > Employee > Payroll Processing > Take On Year To Date Figures > Fringe Benefits
Alternatively, the Advised Deduction component can be renamed and created on company level, to add the values on the Take On Year To Date Figures screen.
Navigate > Configuration > Payroll > Payroll Config > Payroll Components
Navigate > Employee > Payroll Processing > Take On Year To Date Figures > Deductions
Related Articles
How do I set up a non-fringe benefit loan on an employee's record?
This feature is available on all PaySpace editions To load a non-fringe benefit Loan Deduction component, enable “Is this a non fringe benefit loan?” checkbox when adding it under the Deductions section of the employee's Recurring Payroll Components ...How do I add a loan deduction to an employee's payslip?
This feature is available on all PaySpace editions A Loan Deduction component has to be configured on Company Level prior to adding the component to an Employee Payslip. Step 1: Search for and select the Loan Deduction component. Navigate > Config > ...How do I ensure that an employee's Loan Deduction component is not taxed?
This feature is available on all PaySpace editions To prevent an employee's Loan Deduction component from being taxed, enable “Is this a non fringe benefit loan?” checkbox when adding it under the Deductions section of the employee's Recurring ...Malawi | How Do I Add The Official Interest Rate For The Loan Fringe Benefit Calculation?
Users are able to maintain the official interest rate used in the Loan Fringe Benefit calculation for low/no interest loans, on the Company Custom Forms screen. Navigate via Config > Basic Settings > General Company > Custom Forms. Select the + ...How do I configure the Advised Deduction component?
This feature is available on all PaySpace editions The Advised Deduction component needs to be configured on company level before linking it on employee profiles. Step 1: Search for and create the Advised Deduction component. Navigate > Config > ...