Summary

Deduction transactions take money from an employee's gross pay. When you create a deduction record, the deduction Type is specified on the Deductions - Details (i) tab.

Deduction Types

D. Standard Deduction

If a deduction does not meet the criteria of the other deduction types, then it will be a D. Standard Deduction type deduction. This type is used for the majority of deductions.

U. Employee Superannuation Deduction

Used for employee superannuation deductions (see Transaction Entry - U. Employee Superannuation Deduction). U. Employee Superannuation Deduction transactions are included in superannuation reports.

I. Insurance Deduction

Used to deduct wages for benefits or workplace packages, such as medical insurance.

Details tab fields

Quantity:

Number of units for the deduction transaction.

Rate:

Rate for the deduction transaction.

Transaction total:

When you save the transaction, PayGlobal generates the Transaction total by multiplying Quantity * Rate. You would enter a value only if you wanted to override the system-generated value, and you would set Recalculate to No.

Recalculate:

Normally set to Yes. If you entered an override Transaction total value, then you would change Recalculate to No.

Rank:

Displayed when the deduction has Rank deduction = Yes.

Child support variation code:

NZ only. Displayed when the deduction has Deduction class = "C.Child support". If the amount of child support that you deduct from an employee's pay is different from the amount that the IRD asked you to deduct, then you need to select an appropriate child support variation code (see Child Support Deduction Variation Codes).

WAP Code:

Enabled when Company Settings | Payroll | Processing | Transactions | Edit WAP codes = Yes. PayGlobal uses the employee's Work Area Position code. If the default is incorrect for this transaction, then you can change the WAP Code value.

Transaction start date:

Period start date or effective transaction start date.

Transaction end date:

Period end date or effective transaction end date.

Super Fund Code:

Enabled when Superannuation deduction = Yes on the Deductions - Details (iii) tab.

The following fields are enabled when Deductions - Details (ii) tab Direct credit = Yes or Deductions - Details (iii) tab Superannuation deduction = Yes.

Bank account:

Deduction will be paid into the account specified in this field.

Bank branch:

System-generated value based on the first numbers in the Bank account. This field is displayed only if your organisation uses the Bank Branches entity.

Reference:

Reference that will appear on the employee's bank statement.

Bank code:

NZ only. Bank code that will appear on the employee's bank statement.

Account name:

For security reasons some banks require an account name and a bank account number to verify direct credit transactions.

Particulars:

NZ only. Bank particulars that will appear on the employee's bank statement.