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 > Payroll > Payroll Config > Payroll Components
Step 2: Add the Loan Deduction component to the employee's Recurring Payroll Component screen. Complete the 'Initial Loan Amount' and 'Installment' before saving your component setup to ensure that the applicable value reflects on the Edit Payslip screen.
Navigate > Employee > Payroll Processing > Recurring Payroll Components > Deductions
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