Variable Deductions are now included and disbursed as part of your FAST-Bank™ Bank File.
Updated: Jun 10, 2019
What is a Variable Deduction?
A Variable Deduction is a Deduction Pay Type which has a different defined value for each employee, where the Variable Deduction Amounts from Employees checkbox selected in the Pay Type setup and an amount is defined within the Employee profile. Variable Deductions can either be used for repayments that have no maximum repayment amount set (for example Child Support) or an amount they must repay (such as a loan) which repayment cease after completion.
So what's changing?
From Version 19.20, Variable Deductions can now be included and disbursed as part of your FAST-Bank™ Bank ABA File. Simply add a new Deduction (or edit an existing Deduction) and add the banking details into the Employees profile, it’s that easy!
When's Version 19.20 being released?
We're in the final stages of testing and anticipate release on 15th November 2018.
What do I need to do if i want to start using this feature?
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