Pay Advance Recovery

If you make an advance of pay to a payee, and wish to recover the advance in instalments, you can do so using the example 'Advance recovery' pay item. This deduction has been created as a deduction, with a ReducingBalance property.

The pay item must be added to the employee's standard pay items. The total remaining amount to be deducted (the total advance less the first instalment), is entered in the reducing balance field of the pay item when you add it to the employee's standard pay. The amount to be deducted each pay period is entered in the cash field.

In the following pay periods the deduction amount is subtracted from the balance, until the remaining balance becomes zero. In the last pay period, the deduction will be no more than the remaining balance. In the following pay period, the deduction cash is set to zero.

No deduction will be made for a 'Reducing Balance' deduction if the remaining balance in the employee standard pay is blank.