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Hi,
I assume you mean in the Sage Payroll Software?
You will need to setup a deduction as follows:
click on 'company' - then select 'pay elements' - then select 'deductions' - click on 'new' - in the description box type Loan Repayment. Make sure none of the boxes under the heading 'deduct the value before calculating' are ticked as it has to be taken off pay after pay has been calculated for tax etc. Click 'ok'.
When you go in to pay the employee after entering the pay select the deduction heading and click on 'Add deduction'.
Select the Loan Repayment from drop down box in deduction name column making sure the tax and NI boxes say 'post' and in the In Use box says 'yes' and then click save.
Now enter in the hours column '1' and the amount in the amount column and click save.
This will show on the payslip under deductions but will have been deducted from net pay - in other words deducted after payroll has been done with tax and NI applied.
If you meant how to do the journal entry in Sage Accounts then let me know.
Good luck!
Marilyn
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