Complete the Employer Information fields as described. Use these fields to specify the employer responsibility for this deduction.
If this deduction/benefit is non-variable, enter the amount or percentage. You must enter a value for this field in either the Employee or Employer Information section.
If this deduction/benefit is variable, this field is optional. If you enter a value, it will be displayed as a default that can be modified when you assign this deduction to an employee.
Monthly Cap: Optional. Enter a dollar amount. Entering a monthly cap will prevent the deduction from being assessed once the cap amount is deducted from the employee's salary for the month. The deduction will resume being assessed the next month.
Yearly Cap: Optional. Enter a dollar amount. Entering an annual cap will prevent the deduction from being assessed once the cap amount is deducted from the employee's salary for the calendar or fiscal year.
When the Allow Full Deduction Account Mask setting in Payroll Configuration is set to Yes, the label on this field will be Expense Account Mask, and you'll enter an account mask in this field. You're allowed to specify a fund, and all other elements must be #### if they are static.
When the Allow Full Deduction Account Mask setting in Payroll Configuration is set to No, the label on this field will be Expenditure Element Value, and you'll select a value from the pull-down list. See About Employer Expenditure and Liability Element Values for more information.
When the Allow Full Deduction Account Mask setting in Payroll Configuration is set to Yes, the label on this field will be Liability Account Mask, and you'll enter an account mask in this field. You're allowed to specify a fund, and all other elements must be #### if they are static.
When the Allow Full Deduction Account Mask setting in Payroll Configuration is set to No, the label on this field will be Liability Element Value, and you'll select a value from the pull-down list. See About Employer Expenditure and Liability Element Values for more information.
Click the Save button. Once the deduction/benefit has been saved, it must be enabled before it can be assigned to employees.
See Enabling a Deduction or Benefit.
Return to Add a deduction or benefit
Return to Manage Deductions Overview