Difference between revisions of "Deductions"
From TrueERP wiki
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== Overview == | == Overview == | ||
| + | |||
| + | The New Deduction button allows the User to create new deductions that can be assigned to Employee Payroll | ||
| + | information. This then enables the deduction of the required $ or % amount per pay, per employee. Deductions are | ||
| + | items that are to be debited from an Employee's pay, e.g. Uniforms, Laptops, Union Fees etc. | ||
| + | |||
| + | '''How To Create a New Deduction''' | ||
| + | |||
| + | *Select the 'Payroll Tab' | ||
| + | *Select the 'Deduction' Button | ||
| + | |||
| + | *Enter the 'description' of the new deduction, e.g. 'Uniforms'. | ||
| + | *Select the Account you want the transactions for this deduction to post to. Refer to New Account if you have not | ||
| + | already created an account for Deductions, or wish to create another. | ||
| + | |||
| + | *Select the tick box if the deduction is 'Pre Tax'. This means the amount will be deducted from the Gross Pay | ||
| + | before tax is calculated. | ||
| + | *Untick box if the deduction taxed or 'after tax'. This means it will be deducted from the net pay after tax is | ||
| + | calculated. | ||
| + | *Select the tick box if the deduction is for 'Union Fees'. | ||
| + | |||
| + | *Enter the value of the deduction, e.g. 20.00. | ||
| + | *Select the type of the value, i.e. $ or %. | ||
| + | *Select from the drop-down list, the basis of the deduction, e.g. 'Items'. | ||
| + | *Select the 'New' button to load a new deduction screen or 'Save' to finish. | ||
| + | |||
| + | NB: The previous 'New Deduction' (Uniforms) will be automatically saved upon selection of the 'New' button. | ||
| + | |||
| + | *Ensure 'Active' is ticked to allow this deduction to be used in payroll. (Active will be ticked by default when a new | ||
| + | deduction screen is opened). | ||
| + | *OR select 'CANCEL' if you wish to close without saving. | ||
| + | |||
| + | The newly created Deduction will now be viewable and editable from the Deduction List. | ||
Latest revision as of 15:45, 2 March 2011
Overview
The New Deduction button allows the User to create new deductions that can be assigned to Employee Payroll information. This then enables the deduction of the required $ or % amount per pay, per employee. Deductions are items that are to be debited from an Employee's pay, e.g. Uniforms, Laptops, Union Fees etc.
How To Create a New Deduction
- Select the 'Payroll Tab'
- Select the 'Deduction' Button
- Enter the 'description' of the new deduction, e.g. 'Uniforms'.
- Select the Account you want the transactions for this deduction to post to. Refer to New Account if you have not
already created an account for Deductions, or wish to create another.
- Select the tick box if the deduction is 'Pre Tax'. This means the amount will be deducted from the Gross Pay
before tax is calculated.
- Untick box if the deduction taxed or 'after tax'. This means it will be deducted from the net pay after tax is
calculated.
- Select the tick box if the deduction is for 'Union Fees'.
- Enter the value of the deduction, e.g. 20.00.
- Select the type of the value, i.e. $ or %.
- Select from the drop-down list, the basis of the deduction, e.g. 'Items'.
- Select the 'New' button to load a new deduction screen or 'Save' to finish.
NB: The previous 'New Deduction' (Uniforms) will be automatically saved upon selection of the 'New' button.
- Ensure 'Active' is ticked to allow this deduction to be used in payroll. (Active will be ticked by default when a new
deduction screen is opened).
- OR select 'CANCEL' if you wish to close without saving.
The newly created Deduction will now be viewable and editable from the Deduction List.
