Payroll Contribution Setup Overview

You can set up and track any employer payroll contribution as part of payroll processing.

Use this feature to do the following:

• Track 401k matching in Vision. You can track employer matching in any of the following ways:
  • Based on a percent of employee wages
  • Based on a percent of employee withholding (for example, matching 50% of a given employee’s deduction)
  • Based on calculating the employer contribution on the lesser of a percent of employee wages or matching percent of employee withholding
  • By defining a cap (generally a percent of wages or percent of withholding) on the amount the employer will contribute for each payroll
  • By defining a cap on the year-to-date employer contribution
• Track employer taxes with each payroll posting.
• Tie employer taxes from payroll reports back to the General Ledger.

Your payroll administrator establishes employer payroll contribution information in several places in Vision:

• Payroll Contribution Setup — Establish company-wide contribution codes on the Payroll Contribution Setup form.
• Accounting Company Settings, Organization tab — Determine whether or not liability credits and expense debits related to employer contributions follow the employee's organization on the Organization tab of Accounting Company Settings.
• Individual Organization Setup, General tab — Select the project to use as part of posting related to employer contribution (if the Payroll contribution expense debit option is selected in Accounting Company Settings) on the General tab of Individual Organization Setup.
• Employee Info Center, Payroll tab — Establish employer contribution information for individual employees on the Employee Contributions grid on the Payroll tab of the Employee Info Center.