Deductions Subtask
Use this subtask to establish the employee's voluntary deductions and the parameters controlling those deductions.
You must first establish the deductions on the Manage Deductions screen. You can assign an unlimited number of deductions to an employee.
Table Window
Field | Description |
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Deduction | Click on the toolbar. Then enter, or click to select, the code for the deduction. This field is required. When you tab out of this field, the defaults from the Manage Deductions screen display on the line. You can edit any of these fields except the Description field. Entries you make on this line override the defaults on the Manage Deductions screen. Note:
Deleting a bond deduction makes the employee's Bond table inactive when the Employee Bond Table is updated. |
Deduction Description | This non-editable field displays the description from the Manage Deductions screen. |
Method | From the drop-down list, select the method to be used for this deduction. Valid options are:
|
Rate | Enter the deduction percentage, using up to four decimal places, or the deduction amount, depending on the Method selected. This is a required field. |
Limit | Enter a calendar-year limit for the deduction amount or the balance if this deduction's Ceiling Method is One-Time on the Manage Deductions screen. If you do not enter a limit, the deduction is considered unlimited. For Payroll Year ceiling methods, Costpoint checks this amount each time it computes deductions on the Compute Payroll program to ensure that the limit is not exceeded for the calendar year. |
Priority | If you select the Deduction Priority check box on the Configure Payroll Settings screen, you must enter a value between 1 and 99 in this field to establish priorities when deductions are taken on a company-wide basis in computing payroll. One (1) represents the highest priority and 99 represents the lowest priority. When you enter a new deduction, 99 displays by default. You can change the value for each employee. |
Start Date | Enter, or click to select, a date for the deduction to start. This date is normally the pay period start date. If the start date is later than the pay period end date, the deduction starts in the following pay period. Leave this field blank to indicate that the deduction should start immediately. |
Through Date | Enter, or click to select, a date through which the deduction must be used. This date is normally the pay period end date. Leave this field blank to indicate that this deduction should continue indefinitely. |
End Coverage Date | This database-only informational field displays the end date related to the deduction, such as an insurance coverage end date. |