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3.12.2 Establishing Payroll Deductions


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Note: Please consult your Accountant before you set up your deductions for the first time to make sure you have the latest information for with holdings in Payroll.

Tradepoint's payroll structure supports an unlimited amount of deductions. This allows you to have not only the standard deductions for governmental deductions but additional ones for items like savings or health plans offered with some companies.

Basic Payroll deductions are created within the main Payroll Deductions settings in the screen below. The second step is to edit the Fee Schedules of each of the deductions to create the details for the relevant income ranges and States/Provinces as well.

In this example there are four payroll deductions listed. Each of those deductions can have multiple Fee Schedules.

Each of the fields above can be typed into and for each of the Accounts you will have a drop down menu to access the respective Account from the COA (chart of accounts).

The next step will be establishing the Fee Schedules for each of these deductions.

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