Deduction Accounting

The process handles all essential operations necessary for booking of employee deductions of various kind.

The process activities are grouped into the following functional related tasks:

Activities related with loans

• Define Pre-postings for Loan Payment
• Create Postings for Loan Payment
• Book Loan Payment
• Define Pre-postings for Loan Repayment
• Create Postings for Loan Repayment
• Book Loan Repayment

Activities related with loan cease

• Define Pre-postings for Cease
• Create Postings for Cease
• Book Loan Cease

Activities related with contributions

• Define Pre-postings for Contribution

Activities related with liabilities

• Define Pre-postings for Liability