Deductions List in your Payroll Software

Simplify your payroll with Elite Payroll Software

Deductions can be taxable or non-taxable, may be for union fees, and they may or may not be displayed on Payment summaries. These attributes can only be set up through the Deductions list.

Adding a deduction

1 From the Lists menu, choose Deductions.

2 To add a Deduction, click Deductions>New.

3 On the General tab, enter the deduction name.

4 Click on the Option tab.

5 Tax Exempt Deduction – This box is used to indicate if the deduction is tax exempt or not. Most deductions are not tax-exempt, so refer to ATO regulations before you check off this box.

¨ Leaving this box blank will mean the deduction is taken from the net amount of an employee's pay, after tax is calculated.

þ Selecting this box will take the deduction out of the employee's gross before tax is calculated for the pay. For example, if the pay is $1000, and the deduction amount is $200, PAYG withholding will be calculated based on $800.

6 This Deduction is For a Trade Union – If the deduction is for union dues, select þ this option. Any contributions made using this deduction will appear in the Union Fees section of the employee's Payment Summary.

7 Omit Deduction From Payment Summary – Select select þ this option to exclude a tax exempt deduction from being reported on a Payment Summary.

8 Click OK.

Editing a deduction

To edit a deduction, select the deduction you wish to change and then click Deductions>Edit. Make any required changes on the Update Deduction window.

When you make changes to a deduction, Elite Payroll Software will ask if you want to also make these changes to any employee records that use the deduction. Previous pays using the deduction won't be affected.

Deleting a deduction

The Delete button is disabled and you won't be able to delete it until you remove the deduction from any employee records or a pays that use it. To delete a deduction, select the deduction, click Deductions>Delete and then click OK to confirm that you want to delete the deduction.

Viewing Reports

Click Reports for a list of related reports.