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HCM - JDE1 (MOSC)

Employee Loan with interest

Sep 25, 2014 5:16PM edited May 24, 2016 7:25AM in HCM - JDE1 (MOSC) 3 commentsAnswered ✓

I use the wage attachment module for an employee Loan with Interest, my setup is as follows:

1. Loan DBA (deduction 1321, no declining balance as the W/A module takes care of that; Source of calc=R, Method of calc=K

2. Interest DBA (deduction 1331) with Source of calc=R and Method of calc=%, Basis of calcs is loan DBA 1321

3. In wage attachment workbench:

a) I attach the deduction DBA to the employee, complete the amount due $1,000, original amount $1,000, amount to deduct $19.24, Method=$.

b) In the fee tab, in the Company fee field, I enter 4.00 (interest percent), and 1331 in the Company DBA

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