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Former Member

Deduction of loan installment

Hi experts,

I have a deduction WT, installment recovery in It14 and its opening balance on IT15. The deduction should happen either the complete installment amount or no amount at all. It shouldn't be divided and half will deduct this time and half will go to arrears and deduct along with next month installment amount. This is for US payroll. Please suggest

Thanks,

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6 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Apr 19, 2011 at 11:19 AM

    If you want to deduct complete installment eveery month and in case of net amount is less than the deductions then it should generate claim and carry forward to next month ....for this you have to make the entires in priorities and arrears table V_51P6_B.

    /LRP Regular repayment 01.01.1900 31.12.9999 B 1

    Mohan

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  • author's profile photo Former Member
    Former Member
    Posted on Apr 19, 2011 at 11:37 AM

    HI,

    Alongwith the table V_51P6_B, you also cross check other configuration related to the priorities and deduction. For this you check the complete node of following IMG -

    IMG -> Payroll -> PAyroll : USA -> Deductions -> Priorities and Deductions

    Praveen

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  • author's profile photo Former Member
    Former Member
    Posted on Apr 20, 2011 at 06:13 AM

    Yes. But in our payroll there is a limit on deductions. 40% check. Maximum deductions can happen up to 60% of gross.If a few days in LWP in that month then , even if i set priority there is a possibility to go to arrears.

    The amount go to DDNTK after LIMIT function. not after PRPRI (process priority). please suggest.

    How to remove one entry from DDNTK table in schema?

    All sugeestions are appreciable,

    vinoli

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  • author's profile photo Former Member
    Former Member
    Posted on Apr 20, 2011 at 06:34 AM

    i was trying to use one logic.

    before LIMIT function, i will transfer WT 2222( say loan installment is $300) that amount to variable. after LIMIT function i will again chk whether the 2222 has the same $300 or delimited. if delimited, i am nullifying the value in that WT. but at the smae time need to remove the same from DDNTK,

    Regards,

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  • author's profile photo Former Member
    Former Member
    Posted on Apr 27, 2011 at 12:28 PM

    Hi solved. i have removed the deduction instalments from 40% chk. Thanks all,

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 30, 2014 at 07:53 AM

    Hi, It is in the path Payroll USA--> Deductions--> Limits on deductions-->set up wagetype class and attach limits. For our payroll we have created one wagetype class and attached many wagetypes in the "wagetype classification" along with priority. After creating wagetype class, we can assign the rule in "wagetype class limits". Rule is defined in the " deductions--> limits on deductions--> define rule for limts" So I have removed the installment wagetype from wagetype class. Thanks, Vinoli

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