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 Payroll Components screen.

      Navigate > Employee > Payroll Processing > Recurring Payroll Components > Deductions

      

      

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