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Deduction Code - Make a selection from the drop down - required. See below for setting up deduct codes.
Deduction Description - Description for the selected deduction code (display only)
Starting Date - Enter date on which deduction code was issued/received. Any settlements or payments after this date will check to see if this deduction can be taken (will default to the current date) - Required.
Vendor To Be Paid - Select from list of available vendors -Required. If you have vendors to add please contact support as we have to enter these through the database until we create a user form.
Priority - Will default to the value on the deduction code master record. This is used to determine the order of applying deductions, starting with 1. - Required.
Starting $Amount - The total amount of the deduction - Required.
Fixed Payment - If a fixed amount is to be taken each time a settlement or payment is processed, enter the specific amount - Required (fixed payment OR payment %).
Payment % - If a % of the pay is to be taken each time a settlement or payment is processed, enter the %. -Required (fixed payment OR payment %).
Status - open, paid, closed, held. -Required
When entering a new deduction it will default to "open". If you do not want a deduction to be taken for a settlement or payment then change the status to "held" until after the settlement or payment has processed. If the deduction needs to be stopped before the balance is zero then change the status to "closed". When the balance is zero the status will automatically change to paid.
Expense Code - This is the expense code that will be posted to when a deduction is taken on a settlement or payment. -Required.
LTD -The total $amount taken through the last settlement or payment (display ONLY)
Balance - $amount left to be taken (display ONLY)
Deduction Codes
Enter the deduction codes which can be deducted from a flock settlement or a payment for a producer
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