Add/Deduct
To add Add / Deduct details, follow the steps below:
- After logging in to the Company Main menu, go to Masters > Add/Deduct
- The Add/Deduct entry form will open. Fill in the details as follows:
- Name – Enter a unique name for the Add/Deduct component or press F4 to select from existing options (e.g., PF, ESI, Incentive).
- Code – System-generated code for the component. You may edit it if needed.
- Name – Enter the full display name of the component.
- Sign – Select Addition or Subtraction depending on whether the amount adds to or deducts from salary.
- Formula – Enter a formula if applicable, or leave blank if fixed value-based.
- Apply Method – Choose from:
- Automatically – Applied without user input.
- Manually – User will apply it during salary processing.
- Rounding Method – Select rounding logic (e.g., Truncate, Round Up, Round Down) for calculation precision.
- Calculate AsSalary – Tick if this should be calculated as part of basic salary.
- Effect Bonus – Tick if this component should affect bonus calculation.
- Status – Tick if the component is Inactive (no longer in use). Leave unchecked for active.
- Notes – Use F4 or the help/search icon to add any remarks related to this entry.
- Once all the details have been entered, click on Save button. Your Add/Deduct account will be created.
- New button will be activated. To create another Add/Deduct account, click on New button and start again with steps mentioned above.
Created with the Personal Edition of HelpNDoc: iPhone web sites made easy