ISTech Support Forum - PR-M Defaults

Welcome, Guest. Please Login.

	05/16/24 at 19:29:08 News: \| IS Tech Support \| Evo~ERP \| Evo Wiki \| Forum \|

ISTech Support Forum › Evo-ERP and DBA Classic › Payroll

‹ Previous topic | Next topic ›

Pages: 1

PR-M Defaults (Read 562 times)

maw

Browser

Posts: 2
Gender: male

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.

IP Logged

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.
Back to top	Ragine Hendrickson Manufacturing Systems Inc/TRU-CATCH TRAPS ISTECH 2004.1 10/31/06 UPDATE IP Logged

Pages: 1

ISTech Support Forum › Evo-ERP and DBA Classic › Payroll

‹ Previous topic | Next topic ›