Delivered Repayment Deductions

PeopleSoft Global Payroll for United States delivers the following repayment deductions:

• LOAN (company loan)

  Use the LOAN deduction to calculate regularly scheduled loan payments. You must define the loan amount, the repayment schedule, and other information related to the loan at the payee level.

• LOAN AD PYMT (additional loan payment)

  Use the LOAN ADD PYMT deduction to process additional payments that a loan recipient may choose to make outside of the standard repayment schedule. You must define the amount, the payment date, and other information related to the additional loan payment at the payee level.

Note:

The delivered repayment deductions for the United States are defined as PS Delivered/Not Maintained. This means that you can modify them to fit your needs.