Direct Charge Options Tab
Use this tab to enter direct charge information for the employers' portion of the fringes as well as union fringes to projects when posting payroll.
Contents
Field | Description |
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Direct charge employer contributions | Select this checkbox to direct charge employer contributions when payroll is posted. If selected, the contributions assigned to the employee on the Manage Employee Contributions screen will be prorated based on the employee's applicable project-charged timesheet lines. |
Direct charge workers' compensation | Select this checkbox to enable direct charging of workers' compensation. Costpoint's Compute Payroll process will use this setting to determine whether the workers' compensation earnings should be direct-charged. If so, it will use the Direct Charge Method setting and the timesheet data to determine how the amounts will be distributed. After posting payroll, the Print Workers' Compensation Accrual Report application can be used to generate a report that will distribute the workers' compensation premiums across the appropriate projects. |
Direct charge employer tax expenses |
Select this checkbox to enable direct charging of employer social security, Medicare, FUTA, and SUTA accrued expense. If you select this, Post Payroll Journal will prorate and charge the employer tax expense based on the timesheet lines with projects. If posting payroll for a timesheet with no project-charging, the expense will be charged to the appropriate non-project-required posting account from the main screen. Upon selecting this checkbox, the following will occur:
|
Social Security Expense Account |
Enter, or click to select, the expense account you wish to use for direct charging of employer Social Security expenses when payroll is posted. This field is required if you selected the Direct charge employer tax expenses checkbox. |
Social Security Expense Organization |
Use this drop-down list to determine where the social security expense will be charged when payroll is posted. Options include:
This field is available if you selected the Direct charge employer tax expenses checkbox. Note: If the
Post employer payroll expenses at balance sheet level checkbox is selected on the main screen, social security expenses will be posted to the balance sheet level of the specified organization.
|
Medicare Expense Account |
Enter, or click to select, the expense account you wish to use for direct charging of employer Medicare expenses when payroll is posted. This field is required if you selected the Direct charge employer tax expenses checkbox. |
Medicare Expense Organization |
Use this drop-down list to determine where the social security expense is posted. Options include:
This field is available if you selected the Direct charge employer tax expenses checkbox. Note: If the
Post employer payroll expenses at balance sheet level checkbox is selected on the main screen, Medicare expenses will be posted to the balance sheet level of the specified organization.
|
FUTA Expense Account |
Enter, or click to select, the expense account you wish to use for direct charging of employer FUTA expenses when payroll is posted. This field is required if you selected the Direct charge employer tax expenses checkbox. |
FUTA Expense Organization |
Use this drop-down list to determine where the employer social security expense will be charged when payroll is posted. Options include:
This field is available if you selected the Direct charge employer tax expenses checkbox. Note: If the
Post employer payroll expenses at balance sheet level checkbox is selected on the main screen, FUTA expenses will be posted to the balance sheet level of the specified organization.
|
SUTA Expense Account |
Enter, or click to select, the expense account you wish to use for direct charging of employer SUTA Expenses for all states when payroll is posted. This field is editable and required if you selected the Direct charge employer tax expenses checkbox and the Accrue SUTA by State checkbox is not selected on the main screen. Note: If you're direct charging employer tax expenses and the Accrue SUTA by State checkbox is selected on the main screen, you'll need to assign a SUTA Direct Charge Expense Account to each supported state on the Manage State Taxes screen. |
SUTA Expense Organization |
Use this drop-down list to determine where the SUTA expense is posted. Options include:
This field is available if you selected the Direct charge employer tax expenses checkbox. Note: If the
Post employer payroll expenses at balance sheet level checkbox is selected on the main screen, SUTA expenses will be posted to the balance sheet level of the specified organization.
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