Execution Applications

If the debtor cannot make the payment of the debt to the indebted party, and if a foreclosure occurs, the creditor may place a lien against the debtor, and in this case, deductions may be made from the debtor's monthly earnings. When a pay lien is imposed on an employee, it is the employer's responsibility to keep track of these deductions.

ROUTE: Payroll and Timekeeping > Executions for Debts

Owner of execution: Staff who will take part in the Execution Proceedings

File Type: It can be defined as "Execution Process" or "Alimony". The file type defined here is listed exactly in the Deduction definitions in the employee summary. If there are both alimony and Execution Process records belonging to the personnel, two separate Execution records are created. From which lien item the deduction comes from can be tracked separately.

Priority: If there is more than one execution record belonging to the personnel, the collection priorities of the executions can be adjusted. E.g; There may be two separate executions of 10,000 USD and 20,000 USD belonging to the employee. Since the amount of execution to be seized from the employee in the relevant month is determined by legal limits, whether the first deduction will be made from the execution of 10,000 USD or from the execution of 20,000 USD can be adjusted according to the order of priority.

Execution Amount: It is the total execution amount to be applied to the personnel.

Paid in the Previous Period: If the employee has an ongoing execution and a certain amount has been paid in the previous periods, the amount to be entered in this field is deducted from the person's total execution amount. The remaining execution calculation continues by calculating as Total Amount - Paid in the Previous Period.

Execution Rate: It is the execution rate to be deducted from the net salary of the personnel for each month. It is usually applied as 1/4. Model; Net Salary x 0.25 = monthly deduction.

Account Type: It is selected from which account type the deduction will be made. If the employee has more than one current account type (such as Advance, Other Debits, Salary, etc.), which current account type the deduction will be reflected on is selected. Deductions can be monitored in the account selected in the Employee Account Statement.

Execution Process Date: Deductions begin within the month of the date specified in this field.

IBAN for Payment: It is the IBAN information of the person or institution that is in the position of creditor due to execution.

Things to pay attention:

• For executions created in order of priority, the system first deducts the first execution over the employee's net salary. The deduction rate of the first execution is made according to the definition determined in the definition of "Execution Rate". The deduction to be made from the second execution amount, on the other hand, if there is still an amount that can be deducted on the net salary after the first execution is cut, it will be deducted according to the execution rate of the second execution.
• In the last month of the first execution payment, if this first execution can be closed with a deduction from the determined rate, the amount that can be transferred from the first execution can be transferred to the second execution.
• If a fixed deduction will be made every month, such as alimony, the amount to be deducted for each month is entered in the Execution Amount field and the execution rate is selected as 1/1.
• After execution is recorded, the "Deduction Employee Approval" box must be ticked. Otherwise, it will not be reflected in the timekeeping.
• If execution is closed by paying in full cash by the execution owner, the execution registration can be terminated by ticking the "Manual Closing" box.
• In the additional allowance definitions, it can be selected whether the additional allowances will be included in the execution deductions. If the additional allowance is defined as "Not Included in Execution Process", the execution deduction will be made only on the net salary. If additional allowances are wanted to be included in the execution deduction, the relevant box is not checked in the additional allowances definitions, and in this case, the execution rate is calculated over the net salary + net additional allowance amount and deduction is made.