Loans, Savings and Garnishees
Set up amortising loans, savings funds and court-ordered emoluments orders.
Employee loans
Capture the loan amount, instalment and, where applicable, the interest rate. The balance amortises automatically each period and appears on the payslip and the balances report.
Low-interest loan fringe benefit
Where you charge less than the SARS official rate, the difference is a taxable fringe benefit and is calculated for you.
Savings and funds
Set up staff savings, funeral funds or union subscriptions as recurring deductions with a running balance.
Garnishees and emoluments attachment orders
Capture the court order reference, total amount and instalment. Garnishees are applied after statutory deductions and respect the statutory cap on total deductions.