Establishing Special Accumulator Codes
To set up special accumulators, use the Special Accumulator Table (SPCL_EARNS_TABLE) component.
|
Page Name |
Definition Name |
Usage |
|---|---|---|
|
Special Accumulator Table Page |
SPCL_EARNS_TABLE |
Define accumulators for deduction calculation. |
|
Review Special Accumulators - Earnings Page |
SPCL_ACCUM_EARNS |
Display the earnings codes that you specified in the Earnings table as having an effect on this special accumulator. This page is display-only. |
|
Review Special Accumulators - Deductions Page |
SPCL_ACCUM_DEDCD |
Display the deduction codes that you specified in the Deduction table as having an effect on this special accumulator. This page is display-only. |
|
Special Accumulator Report Page |
PRCSRUNCNTL |
Run PAY713, which lists information from the Special Accumulator table. It contains codes that isolate earnings for deductions that are stated as a percent of gross such as 401(k). |
The Savings Plan table and the General Deduction table use special accumulator codes in calculation routines.
Here's how to set up special accumulator codes:
Define special accumulator codes on the Special Accumulator Table page.
Use the Earnings Table - Special Process page to assign earnings codes to add to or subtract from the accumulator balances.
Use the Deduction Table - Tax Class page to assign deduction codes to add to or subtract from accumulator balances.
Special Accumulator Example
To understand special accumulators, consider this example of setting up a 401(k) retirement savings plan to calculate the 401(k) deduction as a percentage of regular, overtime, holiday, vacation, and sick earnings:
Create a three-character code for the Special Accumulator table, such as 401.
This code accumulates all earnings that affect 401(k).
For each valid earnings code (such as regular or overtime), enter the 401 special accumulator code on the Earnings Table - Special Process page, and select Adds to Special Balance in the Effect on Special Balance field.
This tells the system to add these earnings to the 401 special accumulator.
Define the 401(k) calculation in the Savings Plan table, and specify Use 401 Special Accumulator Instead of Total Gross.
The system now calculates 401(k) deduction amounts based on the total amount of earnings designated with the 401 special accumulation code.
(USA) Special Accumulator for Supplemental Earnings
Create a special accumulator code to store each employee's taxable gross for supplemental payments to identify the correct point at which the higher federal supplemental withholding tax rate applies. Enter this special accumulator on the Earnings Table - Special Process page with T selected in the Effect on Special Balance field for each earnings code identified as using the supplemental tax method.
Note: You must select T in the Effect on Special Balance field for each earnings code identified as using the supplemental tax method.
Special Accumulator Code for Gross Wages
The system delivers the GRS special accumulator code to track the gross wages paid in the employee’s check. For more information, refer to the Special Accumulator Code for Gross Wages section in the Understanding the Washington Paid Family and Medical Leave Tax topic.