Payments - Costa Rica

This routine allows registering amounts to be paid/deducted in the future, i. e., amounts which are to be deducted or added to the movement of the month according to their due date, in one or more installments.

Among the many situations in which this routine may be used, the prime example is the case of an employee who has received a loan from the company. This loan's deduction can be performed, setting for future entries the loan amount, the number and value of installments.

Thus, the system deducts the amount referring to each installment every month, reducing the total loan amount. In this way, you only need to make a single entry and the rest is automatically calculated by the system.

The system keeps an entry history, storing all entries made, even after they expire.

The entries can be printed according to the indicated parameters, for several employees and periods. Information displayed is the same ones in the register.

Important: The standard treatment of the system to fixed entries does not separate the interest values from the installment values. For such procedure, a specific formula must be generated, then, the following fields are to be used: • Interest funds Funds for the calculation of interest values applied to the installment. • Interest value Total value of applied interest. • Interest installment Interest value per installment. • Paid Interest Total value of paid interest. Each calculated period generates the fund indicated in the entry with the respective installment value, following the start period indicate in the entry. By closing the period, some information are dully updated according to the formula calculation, such as No. paid installments, Paid value, Next due date and Balance.

Procedures

Registering future entries:

Enter the number of installments to be paid or discounted from the employee.

Enter interest percentage to be applied per year which, when entered, automatically completes the field % Interest Month, adding it to the installment.

If the annual interest percentage is not indicated, enter the percentage of interest per month that are embedded in the installment value.

The value to paid or discounted from the employee of each period/payment, with embedded interests value, is calculated by the system, according to start value and number of installments.

It is not to be informed. The system displays this information according to the calculation already performed.

It is not to be informed. The system displays this information according to the calculation already performed.

This field indicates the residue of the entry total value division by the number of installments. It is applied to the last installment.

The not-applied future values are registered here.

In the entry register, enter the start date of the payment or discount. When there are several installments, at each calculation and closure, the date is automatically updated to the next month.

Enter the start date to be considered for the beginning of the installments calculation.

When there are more than one payment a month, enter the number of payment in which the installments calculation starts.

Select the option that defines the entry status: if Active, when payments/discounts are being processed, or Selected, when the transaction if not considered on the calculation until activated.

These fields display the remaining value for the payment or discount according to the calculation already performed.

Select the option 1 (Yes) to have the transaction settled on the next due date, when running the payroll calculation, or 2 (No) or \" \" (blank), to have the transactions run until the last installments.

Related features

Query the accrued values entry, already paid for this fund.