Setting up Company Contributions for an Employee

For each employee who is included in Payroll, you can add company contribution payroll items on the employee record.

You may 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. Beside an employee 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 as a percentage.

   NetSuite always inserts 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 always inserts the correct rates for items you choose from the tax tables.

8. Click Add.

9. Continue adding deduction items as necessary.

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