Some of our staff would like money taken out of their weekly pay and placed into a savings account and then when they are short of cash one week they have funds sitting in this account that they can withdraw out.
I thought of maybe setting this up under the Deductions tab in the payroll categories and putting this against a liability account but the balance of their savings account doesn't transfer over to the following financial year, therefore giving them false amounts in their savings accounts on their pay slip but the amount in the liability account is correct.
Is there another way of setting this up, so that the exact amount in their savings accounts appear on their pay slips?