Considerations for Voluntary Deductions for Saudi Arabia
You must input data to perform the loans calculation. You can enter this data through the input values at the element entry level.
Consider these points before you create a voluntary deduction element:
- The input fields are generated by the element template when creating the element.
- The element template also generates a set of balances used to store accumulated values needed to process the loan.
- Loan recovery is triggered for an employee by adding an element entry for an element classified as loan.