Playing now

Playing now

What are memo deductions or memo earnings?

Glossary definition

What are memo deductions or memo earnings?

Memo Deductions or Memo Earnings

Deductions or earnings that should not affect the employee’s pay. For example, if you want to record a line item for uniforms on the employee’s paycheck, but the employee paid for the uniform with cash, you could create a memo deduction but not withhold the amount from the employee’s pay.

HR in 2030

Read this report to discover five trends progressive People Leaders need to know to get ahead and help their organisations thrive.

Download the report
2,449 readers have downloaded this report