Creating Deduction Assignments for Loan Schedules

After you define a loan schedule, the system automatically creates a deduction assignment for each loan schedule (Global Payroll & Absence Mgmt > Payee Data > Assign Earnings and Deductions > Element Assignment by Payee). The component interface creates this deduction assignment. The process inserts a deduction assignment with some supporting element overrides like the following:

Field	Variable
Loan Number	`EP VR REF EMP` (Loans Reference)
Loan Amount	`EP VR TOTAL DEVIDO` (Loan Amount)
Total Amount	`EP VR TOTAL` (Loan's Total Amount)
Date	`EP VR DT PAG EMP`

All of these variables are used by the process to keep track of each loan balance separately. These variables are also used to calculate the deduction for each loan.

Note: Remember to define the variables listed in the table above when entering your loans outside of the Request Loans BRA page.