To reverse a prior period pension deduction:
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To reverse, or adjust, an over or under deduction of pension in a closed period:
- Go to Payslip Input
- Select the employee whose pension amount is to be adjusted
- Select the Transaction Code to be adjusted
- Place a tick against 'Refund'. This will reverse the sign of transaction
- If the amount to be reversed is not the full amount of the deduction then the amount may be edited as long as there has been a tick placed against 'Manual Edit' in the setup of the Transaction Code. This will enable the amount to be edited during processing.
Another method would be to create a separate pension code, if it is to be applied across a group of employees in the payroll. Process the amount using that Transaction code, but remember to delete the code in the next period since it will come through as a recurring transaction.