Perpetual Deductions

Check this box if the deduction has no end date or amount.

At year end, other personal deductions are cleared from the RFMS system.  Perpetual deductions are deductions that carry over after year end.

For example to withhold retainage from installers, use Perpetual Deductions.  Let’s say Joe Installer is hired with the agreement that he will be required to withhold $1500 in retainage.  Use Perpetual Deductions to set up a specific percentage to be deducted for each pay period until that retainage is met.   Because it is set up in a Perpetual Deductions file, the deductions carry over at year end.  RFMS has reporting capabilities that will allow viewing the total deduction amount that has been taken out to date. 

For previously deducted amount for the system to take into account, click the perpetual tab and click Insert.  Add the amount that has previously been deducted and click the OK button.  Each time a Perpetual Deduction is taken out of the workers’ pay, this amount will increase accordingly.  Use the Pay History Report to have a physical listing of all Perpetual Deductions.

The switches allow to customize the level of detail in the report (Detail, Summary or Both) and whether to include a Grand Total Page of all Perpetual Deductions.