Example:

In Cycle 1, a Goal was set at $1,000.00

The cycle deduction amount was set at $200.00

In Cycle 1’s payroll run, $200.00 was deducted successfully, leaving $800.00 on the Loan Balance.

Option 1:  WITHOUT the inclusion of the current Pay Cycle

If the Employee wants to pay the remainder on the Goal ($800.00) over the counter, WITHOUT the inclusion of Cycle 2’s payroll run, the steps are as follows:

Option 2:  WITH the inclusion of the current Pay Cycle

If the Employee wants to pay the remainder on the Goal ($800.00) over the counter, WITH the inclusion of Cycle 2’s payroll run, the steps are as follows:

Step 1:  Calculate the over the counter amount:  the overall balance on the goal is $800 (Goal Amount of $1000 - Cycle 1's $200 deduction).  In Cycle 2, $200 is the regular cycle deduction on the Goal.  Therefore, the over the counter amount, with the inclusion of Cycle 2, will be Balance on the Goal - Cycle 2's deduction ($800 - $200 = $600).

Step 2: Calculate and enter the Y PAYMENTS:  the over the counter amount PLUS past payments ($600 + Cycle 1's accrued payment of $200 = $800).

The remaining $200 to complete the Loan will be deducted when Cycle 2 payroll is run.