Controlling Earnings Maximum or Goal Amount
You can set a goal amount for earnings—an upper limit on the earnings so that no more than that amount is paid in an accumulation period. CASHADVR is set up with this control. It is set up to have a quarterly limit. You can nominate a goal amount to be paid for earnings or deductions.
CASHADVR is always 20 percent of the CASHADV earning and the recovery ceases to resolve when the cash advance goal balance accumulator equals zero.
When termination occurs, the whole cash advance goal balance is recovered in the last pay period, so the deduction amount of the CASHADVR is overridden by the cash advance goal balance accumulator. A negative net balance is allowed when the net amount is not enough to recover the whole goal balance.
Example
If the total accumulated deduction amount exceeds the goal amount, then only the difference is deducted. For example, suppose that the deduction of a payee is 50 HKD. After the deduction, the accumulated amount is 10050 HKD and the goal amount is 10040 HKD. In this case, the system deducts only 40 HKD. The concept of the goal amount is similar to the maximum amount. The difference is that the accumulated amount is a life-to-date accumulator.
A formula determines whether the earning amount exceeds the goal amount. If it does, then the difference is returned and a warning message appears.