ISTech Support Forum - PR-M Defaults

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PR-M Defaults (Read 645 times)

maw

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PR-M Defaults
08/18/04 at 14:30:18

I'm trying to understand something.

Under "GL and Vendor setup for Standard Deductions" there are two areas to enter GL accounts; "Liability Acct" & "EC Expense Acct".

It seems to make sense that FIT & SIT require an entry only uncer "Liability Acct". It also seems to make sense that FICA (both SS & Md) requires entries under both.

What I don't understand is why FUTA & SUTA require an entry under "Liability Acct". We don't withhold anything from paychecks for this.

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RAGINE Full Member I love YaBB 1G - SP1! Posts: 150 Gender:	Re: PR-M Defaults Reply #1 - 08/18/04 at 15:20:26 FUTA & SUTA are liabilities for the employer, so that account number is set up to transfer liabilities in PR-H. We also have it set up to hit our Payroll Tax Expense Account.
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ISTech Support Forum › Evo-ERP and DBA Classic › Payroll

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