This tutorial is a presentation of how to set up a pre-tax deduction in the Payroll module for Microsoft Dynamics SL, formerly known as Microsoft Solomon. Examples of pre-tax deductions include 401k, FSA, and HSA deductions. This feature is accessed in the Deduction screen from the Maintenance section of the Payroll module. You will want to select a Deduction Type that gets calculated before Federal or State.
This video is broken into the following parts:
- Creating the deduction
- Exempting the deduction from other deductions
- Testing the deduction to verify that it works as intended
- Recap