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Apply Deductions to a producer.
Deductions can be set up to deduct an amount from a payment. Such as loans.
System --> Producer Management --> Deductions
- Select a Producer. Select a producer for which deductions are to be added/changed.
After selecting the producer any deductions previously entered for this producer will be displayed. These deductions can be changed and/or new deductions can be added.
Deduction Information
Deduction Code - Make a selection from the drop down - required. See below for setting up deduct codes.
Deduction Codes
Enter the deduction codes which can be deducted from a flock settlement or a payment for a producer
System –> Producer Management –> Deduction Codes
Details
- Code. The corresponding code to the Deduction.
- Description. The name of the Deduction
- Type. Select a Type from the dropdown (loans, company reimbursements, garnishments/attachments, docations, etc.)
Add Defaults
- Expense Code. Option to select a default expense code that the deduction will be assigned. The expense code that will be hit when this deduction is taken.
- Priority. You can set the priority on deductions to make sure certain items are deducted first. Enter a number here, 1 being top priority.