Payroll Contribution Setup

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 DPS. 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 DPS:

• Settings > Payroll > Contribution Codes — Establish company-wide contribution codes.
• Settings > Accounting > Company > Organization tab — Determine whether or not liability credits and expense debits related to employer contributions follow the employee's organization.
• Settings > Organization > Individual > 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 Settings > Accounting > Company > Organization tab)
• Hubs > Employees > Payroll tab — Establish employer contribution information for individual employees on the Employee Contributions grid.