BENEFITS

 

 

 

 

DESCRIPTION:  Benefits will set up employer amounts that are added to the employees' wages.  For example, retirement and medical matching amounts.

 

 

 

To access:  Click on the Payroll module  then click the Benefits menu item.   

 

The following window will appear:

 

  

 

Please see the following topic for help on setting up filters in the search grid:  Exploring Grid Filters

 

To set up a new benefit, click the New  button.

 

Enter the Name and a Description for this benefit.  You will need to have a deduction already set up for this benefit.  To set up a new deduction, see the Deduction Types menu item.

 

By using the drop down list, select the Linked deduction code that will be used with this benefit.  The most common calculation type used for benefit deductions is 27 (benefit deduction).  This calculation type deducts the entire benefit amount so the employee's net will not change.  You can specify the calculation type for this deduction in the Deduction Types menu item.

 

By using the drop down list, select the Linked payroll type that will be used with this benefit.  For more information about setting up a new payroll type, see the Payroll Types menu item.  The deduction and payroll type linked to the benefit SHOULD ONLY BE USED WITH THIS BENEFIT. 

 

By using the drop down list, select the Calculation type.  This will be how the benefit is applied.  All benefits are calculated on taxable earnings.

Calc type 1 - Percentage of earnings used plus adder will apply the benefit as either a percentage of taxable earnings, a flat adder amount, or a combination of both.  If you are using a percentage of the employee's gross earnings, enter that percentage in the Percent of gross earnings used field.  If there is a fixed amount that should be added to the employee's earnings, enter that amount in the Adder field. 

Calc type 2 - Increase employee rate will increase the employee rate by the amount you specify.  Enter the fixed amount in the Amount to add to employee's rate field.

 

Parameters titles Tab:  These parameter titles will be displayed in the Benefits Tab of the Employees menu item.  These parameters are optional but can be useful when certain employees require different benefit amounts from the original set up.

 

If the benefit uses calculation type 1, the parameter options are Percentage override or Adder override.

Percentage override parameter allows you to adjust the percent of taxable gross earnings used for a specific employee.  If you are using this parameter, enter a descriptive title in the Parameter 1 field.  You will be able to adjust the amount for a specific employee in the Benefits Tab of the Employees menu item.

Adder override parameter allows you to adjust the additional benefit amount for a specific employee.  If you are using this parameter, enter a descriptive title in the Parameter 2 field.  You will be able to adjust the amount for a specific employee in the Benefits tab of the Employees menu item.

If the benefit uses calc type 2, the only parameter option is Adder override.  This parameter will allow you to adjust the amount added to an employee's rate.  If you are using this parameter, enter a descriptive title in the Parameter 1 field.  You will be able to adjust the amount for a specific employee in the Benefits Tab of the Employees menu item.

 

Click on the X in the upper right corner of the window to close the window.