Setting up Company Contributions for an Employee

For each employee included in payroll, you can add company contribution payroll items to their record.

You might need to create contribution payroll items before you can select them for employees. For more information, see Payroll Items Setup.

To set up contributions for each employee:

1. Go to Lists > Employees > Employees.

2. Next to the employee's name, click Edit.

3. Click the Payroll subtab.

4. Click the Company Contributions subtab.

5. In the Company Contributions field, choose one of the payroll items you set up for contributions.

6. In the Rate field, enter the contribution per pay period for this individual as a dollar amount or percentage.

   NetSuite fills in the correct rates for items that you choose from the tax tables. For a contribution you create yourself, such as for a benefits plan, you might enter 20 for twenty dollars or 1% for one percent.

7. In the Limit field, enter a limit if one applies.

   NetSuite fills in the correct rates for items you choose from the tax tables.

8. Click Add.

9. Add more contribution items as needed.

10. Click Save.

Related Topics

• Including an Employee in Payroll
• Decreasing Elective Deferral Limits for an Employee
• Setting up Direct Deposit for an Employee
• Setting up Earnings for an Employee
• Setting up Deductions for an Employee
• Setting up Accrued Time for an Employee
• Taxes and Jurisdiction Setup for Employees
• Updating Payroll Items for Multiple Employees
• Payroll Setup for Employees

General Notices