Why is the Loan Deduction component not reflecting on the employees Edit Payslip screen after being added on the Recurring Payroll Components screen?

This feature is available on all PaySpace editions

The Loan Deduction component may not reflect on the employee's Edit Payslip screen because the loan's opening balance is R0.00.

      Navigate > Employee > Payroll Processing > Recurring Payroll Components

       

Edit the component and increase the loan's opening balance on the employee's Recurring Payroll Components screen.

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

      

• Related Articles

• Why is a component added on the Recurring Payroll Components screen not reflecting on the payslip?

  This applies to all PaySpace editions. If a component is added to an employee's Recurring Payroll Components screen but is not reflected on their payslip, it may be that the component can only be enabled during a certain period. Navigate > ...

• Payroll Processing | Recurring Payroll Components

  A Recurring component refers to a regularly appearing component in an employee's payroll that is a part of the employee's regular compensation package. These components are calculated and included in each pay period, and are an essential part of an ...

• 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 > ...

• Why would a deleted loan component appear on a terminated employee's payslip?

  If the Loan Deduction component was deleted from the employee's Recurring Payroll Component screen but the initial loan balance has not been fully repaid, the loan deduction will recover the full amount on the employee's termination. Navigate > ...

• How do I add a second Loan Deduction to an employee's Payslip?

  This feature is available on all PaySpace editions. If an employee has an existing Loan Deduction, the same base Component can be used to create the second Loan Deduction, however the 'Payslip Name' should be unique to the second Loan. Navigate > ...