Accrual Accounts are where the company's Expense Accounts are defined and are only used if the corresponding compute accrual option is checked on the Company Maintenance > Basic Options > G/L tab. It is recommended that the accrual accounts be setup for the whole range of Payroll Accounts and not individual setup for each account.
Earning’s Expense Accounts |
Enter the range of expense accounts for earnings. |
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Use the following G/L Expense Accounts |
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Federal & State Unemployment, Worker’s Comp & FICA |
Sub Option: N = No Sub-Account E = Sub-Account is Employee # D = Sub-Account is Department # A = Reallocate expense using this account Account # - enter account number to post expense. Sub-Table attached to the Account should match the Sub-Table used under Sub Options (None/Employee/Department) |
CGL Accrual |
Rarely Used, for companies who have CGL insurance based on the Payroll dollars, accrues the Liability just like Workers comp. |
Optional Company Costs |
Coded with Expense Sub Option – used for detail codes you have setup to record company costs. The associated company cost setup must use the “U,V,W or X”. |
Liability Accounts are defined:
Federal Unemployment: Company Maintenance > Basic Options > Taxes tab
State Unemployment: Company Maintenance > Basic Options > States tab (by state)
Workers Compensation: Company Maintenance > Basic Options > States tab
Social Security/ Medicare Company Maintenance > Basic Options > Taxes tab