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This would be a great feature! We also have deductions for tool we bought for our staff, and they pay it off, it would be great to have a feature where I can put 4 or 5 payments, and it will automatically stop.

I also would like this feature. It is available in MYOB IMS as that is what we were using for a client before swapping to Xero payroll. It would show what was deducted and the remaining balance. Client often buys tools for staff which they then pay back and now I am going to have to make sure we have a manual reminder.

100% need this. We have all kinds of reducing balance deductions, e.g. Court Fines, Loans, Overpaid Wages etc that all need to be kept track of. Other Payrolls we can load a total amount and the balance will reduce until paid.

We also need the ability to create a Gross deduction for things like overpaid wages.

I agree! We just did a mini loan for an employee and they are paying it back on a weekly basis. It would be good to set up the total balance owed + weekly deductions (statutory deductions have this option already on some things - see photo). Doing it manually is just yet another thing to try and remember when its all paid up (and a risk of over-deducting!).

Yes, I would use a reducing balance deduction function in the payroll quite happily. I have had this function available in previous payroll software I have used, such as PC School and it was very helpful. I am currently processing a regular post tax deduction each pay cycle for a staff member and would have appreciated being able to set it up to just automatically process it until the target balance was met. Thank you.

I agree, our employees purchase tools and to track these manually is a real pain.
We had this feature when we were with MYOB and it worked so well and the employees could also see how much they have left owing.

Yes agree would be great to be able to have reducing deductions so we don't have to remember to stop a deduction ourselves eg for IRD, staff loan etc

I agree, please add a feature where you can set and forget the payroll deduction, that is, if I need to deduct $1000 from an employee for something over a 5 week period, then I don't need to remember to come back and stop the deduction. It only deducts to the maximum limit over a time period.

This is very important to me.

Then when staff member purchase tools and put it on there tool account to pay off at 5% of their gross earnings or a set amount, also I have somewhere to put the total purchase amount in and each week it reduces. This is ALL automated, apart from when I enter in the total amount from the invoice to begin with. It is a reducing balance.