Use the FICA tab to enter FICA
account information.
Contents
Field | Description |
FICA
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Enter the
account that is debited during payroll processing for your company’s portion of the FICA expenses. For example, enter
account 721.00 - the employer’s FICA
account in the standard chart of
accounts. If you enter an indirect expense
account, such as
account 721.00, the following fields are required:
-
Project — Enter the
project name or number of the
project charged for your company’s portion of FICA expenses or click
and select the
project.
-
Phase — If
phases exist, enter or select the appropriate
phase.
-
Task — If
tasks exist, enter or select the appropriate
task.
If your company distributes taxes by
organization, you specify this
account for each
organization on the General tab of the Individual
Organization Setup form.
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Post FICA to AP Voucher
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Select this option to post the employer's portion of FICA contribution as a journal entry.
When you select this option, you must specify the following information, which
DPS uses when generating the
accounts payable voucher:
-
Vendors — Select the
vendor number to use on the
accounts payable voucher. Enter the number or click
and select a
vendor from the
Vendor lookup.
-
AP Liability — Select the
accounts payable liability code from the drop-down list. This determines the
account that
DPS uses for the voucher posting.
-
Bank Code — Select the bank code to use for the posting from the drop-down list.
-
Address — Select the
vendor address to use on the
accounts payable voucher.
When this option is selected, an
accounts payable voucher is generated each time a payroll run is posted. The automatically generated
accounts payable voucher file is named as follows (FICA - [Accounting Period]- [Sequence Number]. For example, the file name could be FICA-2014-12.
The automatically generated
accounts payable voucher file contains the following information:
-
Vendor, AP Liability, Bank Code, Address, as entered on this tab
-
Invoice number, as entered in the Employer's Identification Number field on the Form-W2 Processing form
-
The payroll date of the payroll processing run
-
The payment date of the payroll processing run
-
The voucher date, which is the same as the payroll date of the payroll processing run
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