How do I set up a non-fringe benefit loan on an employee's record?

How do I set up a non-fringe benefit loan on an employee's record?

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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 screen.

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