Add an Employer
Classification
Path: Setup > Employer Classification > Edit
an Employer Classification
This section
explains how to add new employer classifications to your predefined list within
the system.
Steps to Edit
an Employer Classification
- Click on
Edit Employer Classification.
- In the
Description field, enter the name or
description for the new employer classification.
- Select the Enabled checkbox to activate this
classification for use.
Affordability
Restrictions
MaxMoney has two
fields under Setups > Employer Classification > Edit
Classification
-
Percentage of Salary
-
Minimum Take Home Salary
How does it
work?
-
If (client's Net Salary) is less or
equal to (Minimum Take Home Salary) then Available for installment=
0
-
If (client's Net Salary) is more
than (Minimum Take Home Salary) then Available for installment =
(Net Salary) * (Percentage of Salary)
-
If ((client's Net Salary) - (Available
for Installment)) is less than (Minimum Take Home Salary) then
Available for installment = (Net Salary) - (Min Take Home Salary)
Buttons
-
Save: Click this button to save the changes to
the database.
-
Cancel: Click this button if you don't want
to save the changes and wish to return to the previous
screen.