Handling Student Loan Special Deduction Rates

Legacy KB ID: 4925

Question

How can I reduce the rate of Student Loan Deduction for an employee that meets the requirements of the recently introduced discount?

Answer

Reckon Accounts Business (formerly QuickBooks) is designed to calculate the Student Loan repayment at only the standard rate. 

Workaround

Calculate the amount of deduction the employee is entitled to and manually reduce the amount of Student Loan Deduction calculated by Accounts Business.