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Reducing Balance Deductions

  • A reducing balance deduction automatically ceases once a set amount has been deducted.
  • They are especially useful when a third party asks an employer to deduct a certain amount from employee wages over a period of time.
  • Examples are IRD Arrears , Court Fines and WINZ Repayments .
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To set a reducing balance deduction for an employee, add the deduction to your organisation , then link the deduction to the employee.

Follow the above links if unsure of the process.

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From Employee - Modify Employee Details - Allowances select the required deduction.

On the Modify A Single Allowance screen scroll down to Instructions and click Reducing Balances , then enter the required balance.

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  • Each pay period Ace Payroll makes the deduction until the balance is reached, then ceases automatically.
  • If the deduction is paid to a third party such as WINZ, Ministry of Justice or IRD, advanced features are available to link the deduction to a bank account number.

More on Allowances & Deductions

IRD Arrears Deductions
How to set up IRD Arrears in Ace Payroll for automatic payment to the IRD each pay period more..
Work & Income Deductions
How to set up WINZ Deductions in Ace Payroll for automatic payment to Work And Income each pay period more..
Court Fine Deductions
Court Fine Deductions are easily set up in Ace Payroll for automatic payment to the Ministry Of Justice each pay period more..
Adding A New Allowance or Deduction
Ace Payroll handles an almost unlimited number of allowances and deductions which are easily added more..
Employee Linking
An already existing allowance or deduction is easily linked to a new employee more..
Pay Rate Setup
You can have a maximum of 20 pay rates loaded in Ace Payroll more..
Reducing Balance Deductions
A reducing balance deduction automatically ceases once a set amount has been deducted more..
Direct Crediting Deductions
Employee deductions such as WINZ, Department Of Courts, IRD etc can be linked to a bank account for automatic payment by direct credit each pay more..
Group Linking
An already existing allowance or deduction can be loaded to a group of employees in one go more..
Setting Up Internet Banking
Three easy steps to set up Internet Banking in Ace Payroll more..
Alphabetical Index
The Ace Payroll alphabetical index provides links to all documentation more..
Ace Payroll FAQ Contents
All the most common Ace Payroll questions grouped by categories in a short table of key words more..