A novated lease is set up as a deduction pay item, then assigned to the employee.
A Deduction Pay item will be required for the novated lease (pre-tax or post-tax).
How to add on employee profile:
Go to Employees and select your employee.
Open Additions and Deductions.
Click on + Add Addition/Deductions
Set Type = Deduction.
Select your novated lease Pay Item.
Enter Units and Rate (either fixed amount or %, depending on setup of the pay item 'Unit of Measure').
Set the Commencement Date for deduction.