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PeopleSoft HRMS Reporting by Adam T. Bromwich

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17 Deductions

Deductions are items subtracted from payroll earnings. Often these items belong to a third party, such as a health care provider, 40IK plan administrator, or charity. PeopleSoft handles all of the aspects of taking a deduction. It prioritizes the different items, takes each one from the employee’s earnings, and stops when instructed—usually when earnings are fully depleted. Using arrears balances, PeopleSoft can continue to deduct the remaining amount over future payroll periods. When correctly set up, deductions require little user intervention.

GETTING TO KNOW DEDUCTIONS

Deductions cover a wide range of vendor types. Some are simple amounts taken each pay period for a retirement account, and others are deductions for participation ...

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