A savings transaction is a transaction that is used to save money for employees. It is a functionality that is used to help employees with saving money. The amount is processed as a deduction in the system and accumulates as a positive amount that will be paid back to employees. The savings do not accumulate any interest To process Savings deductions create a Savings Transaction Code and process the Savings deduction.
For more information about how to set up and process savings see: Savings
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