How to setup additional student loan

There are two additional student loan types that might affect an employee's deductions:

1. SLCIR: This student loan is for required additional student loan payments, and it's used when the Inland Revenue Department (IRD) instructs to make these additional deductions.

2. SLBOR: This student loan is for voluntary additional student loan payments. Employees will let you know if they want more deductions to pay down their loans.

To set up student loan deduction (SLCIR or SLBOR), follow these steps:

Open the employee file > Click on Pay Run Inclusions > Click on Add​

Choose the "Student Loan Deduction (SLCIR or SLBOR)" option from the provided deduction category dropdown menu.

Select "Percentage of Student Loan" under Amount (per pay run) field > Enter in the percentage of loan amount.