Costpoint Online Help

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Update Deduction Subtask

Use this subtask to update the Employee Deductions table with the correct deduction amount for this employee's HSA election.

Use this subtask in conjunction with the main screen to enter or correct the deduction amount for this employee's HSA election. If you do not enter or correct the deduction on this subtask, you must enter or update the deduction on the Manage Employee Deductions screen. In addition, you must have set up the employee with a pay cycle on the Manage Employee Taxes screen, and the pay cycle must have dates falling within the plan year.

Contents

Field Description
Pay Cycle

This non-editable field displays the employee's pay period code from the Manage Employee Taxes screen.

Pay Periods Remaining

This non-editable field displays the number of pay periods remaining in the current payroll year.

Costpoint calculates this field. Costpoint compares the Start Date on the main screen to the dates on the Manage Pay Periods screen for the Pay Cycle Code assigned to the employee. Costpoint verifies that no payroll has been posted for this period to either the Employee Earnings table or the Payroll Edit table. If a record is found with that pay period date, Costpoint displays an error message informing you that you msust change the start date. This ensures that the correct number of remaining periods is calculated.

Election Amount

This non-editable field displays the employee's election amount for the HSA as it was entered on the main screen.

Plan YTD Deductions

This field displays the sum of deductions from the Employee Earnings table in Costpoint Payroll, where the deduction code equals the deduction code for the HSA election type in the Manage HSA Plan Years screen.

Difference

The difference between the Election Amount and the Plan YTD Deductions amount displays in this field. This is the amount that must be deducted over the remainder of the plan year.

Deduction Amount

To calculate the amount for this field, Costpoint divides the value in the Difference field by the value in the Pay Periods Remaining field, then rounds this value to the nearest penny. This is a Costpoint-calculated, non-editable field.

Update

Click this button to update the Employee Deductions table with the displayed information. If the record doesn't already exist, Costpoint inserts the new record. If a deduction already exists for the employee, Costpoint updates that record.