You can use the loans option in Global Changes to:

• Add a loan
• Remove a loan
• Change the normal deduction rate
• Change the loan amount

Add a loan

1. On the Employee List, select the required employees.
2. Click Tasks then click Global Changes.
3. Click Loans then click Add Loan.
4. Select the required loan.
5. Enter the required loan start date.
6. Click OK.
7. To confirm that you want to add the loan to the specified number of employees, click Yes.

Remove a loan

1. On the Employee List, select the required employees.
2. Click Tasks then click Global Changes.
3. Click Loans then click Remove Loan.
4. Select the required loan.
5. Click OK.
6. To confirm that you want to remove the loan from the specified number of employees, click Yes.

Change the amount of the loan

1. On the Employee List, select the required employees.
2. Click Tasks then click Global Changes.
3. Click Loans then click Change Loan Amount.
4. Select the following:
   • Description: The loan you want to amend.
   • Operation: How you would like to amend the loan.
   • Amount: The amount or percentage you would like to change the normal deduction rate by.
   • Rounding: How you would like Sage 50 Payroll to round the normal deduction rate.
5. Click OK.
6. To confirm that you want to amend the normal deduction rate for the specified number of employees, click Yes.

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Change the normal deduction rate

1. On the Employee List, select the required employees.
2. Click Tasks then click Global Changes.
3. Click Loans then click Change NDR.
4. Select the following:
   • Description: The loan you want to amend.
   • Operation: How you would like to amend the loan.
   • Amount: The amount or percentage you would like to change the loan by.
   • Rounding: How you would like Sage 50 Payroll to round the amount.
5. Click OK.
6. To confirm that you want to amend the normal deduction rate for the specified number of employees, click Yes.