How to setup a Loan Repayment Deduction

How do I setup a loan repayment deduction to have a limit and deduct each payroll until it's paid off?

• Payroll Control Settings
• Deduction and Benefit Master
• Employee Deductions

1. Go to Payroll Control Settings (Payroll>Payroll Setup>Payroll Control Settings.)
2. Double click the setting labeled General - Maintain Inception Accumulators.
3. If the value is not set to a Y, click Update and change the Value to Y. Click Accept. 
4. Go to Deduction and Benefit Master (Payroll>Payroll Setup>Deduction Benefit Master).
5. Click Add. Define applicable deduction information. In the Limit Type field select I-Inception. 
   1. This option allows for the loan to be paid back over multiple years
6. Click Accept.
7. Go to Employee Deductions (Payroll>Employee Maintenance>Employee Deductions)
8. Add deduction code to employee, define applicable information. 
9. Define the amount to be taken each payroll in the Employee Amt/Pct field. 
10. Define the total amount to be paid back in the Employee Limit field. 
    1. This will deduct the Employee Amt/Pct each payroll from the Limit amount. 
11. Click Accept.