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Mike Robertson
01-02-2004, 01:47 PM
I recently updated to Premium 2004.
I am trying to enter employee information in order to process payroll using Premium, but can not set up Group Life deductions or Savings deductions.
I have the info from the help screen have followed it to the best of my ability, but it does not deduct from the check amount.

Any help would be appreciated.

Jim Dale
01-02-2004, 02:18 PM
paste the formula and i'll look at it.

Mike Robertson
01-02-2004, 03:01 PM
Tax ID EMP_LOAN
Tax Name EMP_LOAN 04

Formula Below
___________________________

LIMIT=0;
A=50;
B=-YTD(Emp_Loan);
C=A-((A+B)-LIMIT);
ANSWER=-IF((A+B)<LIMIT,A,C)

________________________________
In the employee defaults in the employee field
Field Name Emp_Loan
A G/L acct number is entered
CALC is checked and EMP_LOAN is the tax name selected

___________________________________________

In maintain employees
Emp_Loan field CALC is checked with EMP_LOAN as the tax name for this employee only


I used the formula from the help guide to set up an Employee Loan Paid back in automatic Installments

Jim Dale
01-02-2004, 05:32 PM
you've reached your limit.

Mike Robertson
01-02-2004, 05:45 PM
Nothing has been deducted yet.

Jim Dale
01-02-2004, 05:48 PM
limit = 0 should be the amt of the loan. 0 is the total amt you are telling it to deduct

Mike Robertson
01-02-2004, 05:57 PM
I agree there should be a way to enter the loan amount.

I will set the limit to the loan amount and try it Monday and let you know.

Thanks,

Jim Dale
01-03-2004, 07:29 AM
that is the correct way