Creating recurring loan deductions
- Select Administrator > Resources > Resources.
- Open the resource, and click the Payroll tab.
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In the Recurring Loan Deductions section, click Create, and specify this information:
- Deduction Code
- Select the deduction code for the loan.
- Balance Amount
- Specify the amount of the loan and the currency.
- Amount
- Specify the deduction amount for each pay period.
- Date Range
- Specify the start and end date of the loan.
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Click Save.
To view recurring loan deductions, select Administrator > Reports > Loan Deductions and click the Recurring Loan Deductions tab.