Savings
Use this window to record and view details of the employee’s savings schemes. A value is deducted from the employee’s net pay in each pay period and this value is accumulated to the savings total. If the payments to a scheme are to be postponed for a period or more, you should set the savings value to zero.
Click the New button to create a record. The Savings window is displayed. Enter the details described below, and click the Save button to save the details.
Click the Edit button to edit the details of the selected record.
Description
Type a description.
Reference
Type a reference.
Value
Type an amount. The value is deducted from the employee's net pay.
Savings Total
This is the accumulated total of all the scheme payments to date. This total is automatically accumulated by the period end process.