Hi. I have a monthly pension deduction setup when completing wages for an employee. Can I ask does bullet software take into account a PRSI and USC deduction in relation to the pension contribution amount?

The pension contribution that you can enter in Bullet is expected to be a PRSA. If the pension isn't a PRSA (or has different tax implications than a PRSA), you can create a Payroll Deduction to match the tax rules of the pension contribution.