How to Create and Manage Deduction Options

Introduction #

Deduction options allow you to define and manage various deductions applicable to employees’ salaries or benefits. This guide outlines the steps to create and manage deduction options within the Cosmic ERP system.

Prerequisites #

• Access: Ensure you have login credentials for Cosmic ERP.

Steps to Create and Manage Deduction Options #

1. Login to Cosmic ERP
   • Enter your credentials to access the Cosmic ERP dashboard.
2. Navigate to HRM System
   • Click on ‘HRM System’ from the main menu.
3. Access HRM System Setup
   • Within the HRM System menu, click on ‘HRM System Setup’.
4. Open Deduction Option Management
   • Click on ‘Deduction Option’ within the HRM System Setup.
5. Create New Deduction Option
   • Click on the ‘Create’ button, usually represented by a ‘+’ icon.
6. Enter Deduction Option Details
   • Deduction Option Name: Provide a descriptive name for the deduction option.
7. Save Deduction Option
   • Click on ‘Create’ to save the deduction option details.

Conclusion #

By following these steps, you can effectively create and manage deduction options in Cosmic ERP, enabling precise management of employee deductions.