Set Up General Company-wide Payroll Settings

Establish company-wide settings for your Payroll.

If your firm uses Multicompany, you establish these settings for each company.

To establish general company-wide payroll settings, complete the following steps:

1. From the Vision Navigation menu, click Configuration > Payroll > General.
2. On the General tab of the Payroll Setup form, specify the W-2 Year, the Payroll frequency, bank accounts, and other basic information.
3. Optional. On the Checks tab of the Payroll Setup form, select Print Social Security number on paychecks if you want to print employees' Social Security numbers on their paychecks.
4. In the Account field on the FICA tab, specify the account that is debited during payroll processing for your company’s portion of FICA expenses.
5. Optional. Use the Post FICA to AP Voucher option to specify that you want to post the employer's portion of the FICA contribution as a journal entry.
6. Optional. Click the Other Pay Setup tab to specify Other Pay accounts and settings.
7. Click Save.