Enter, or click to select, a parameter ID of up to 15 alphanumeric characters. Choose characters for your parameter ID that help identify the type of selections you made on the screen, such as PERIOD or QUARTERLY.

When you save your record, all the selections made on the screen are stored with the parameter ID. Later, you can retrieve the parameter using Query.

You can use the parameter to run the process more efficiently because you can select the parameter ID with its previously defined screen selections. After the default selections display on the screen, you can override the defaults.

Enter, or click to select, a parameter description of up to 30 alphanumeric characters.

This field displays One as the range option.

Enter, or click to select, the ID for the taxable entity for which you are creating the EFTPS Payroll Tax Deposit File. Establish taxable entity information on the Configure Company Information screen.

This field displays One as the range option.

Enter, or click to select, the first day of the month, in date format, of the effective deposit date of the Payroll Tax Deposit File. For example, enter 04/01/16 for the first quarter tax period of 2016.

This field displays One as the range option.

Enter, or click to select, the pay cycle for which you want to create the Payroll Tax Deposit File (you can create only one pay cycle at a time). If you have selected a Default Pay Cycle on the Configure Payroll Settings screen, it displays in this field.

This field displays One as the range option.

Enter, or click to select, the direct deposit settings record that you have previously set up for your tax deposits.

This field displays One as the range option.

Use the drop-down list to select the tax period for which you are making this tax deposit.

This field displays Range as the range option.

Enter, or click to select, starting check date for the range of paychecks to be included in this tax deposit.

Enter, or click to select, the ending check date for the range of paychecks to be included in this tax deposit.

From the drop-down list, select the transaction type. Valid options are:

• Deposit: Select this option to create a deposit file.
• Prenote: Select this option to create a prenotification file.

Use this drop-down list to select the bank to which your financial institution is electronically paying the tax deposit. The bank you select depends on your location in the United States. Options include:

• Bank One: Select this option if your company is in the Northern and Western United States. Refer to your EFTPS Payment Instruction Booklet for details. (Bank One was formerly First Chicago.)
• Bank of America: Select this option if your company is in the Southern and Southwestern United States. Refer to your EFTPS Payment Instruction Booklet for details. (Bank of America was formerly Nations Bank.)

Enter the location of the file you are creating. There are two ways to do this:

• In the File Location field, enter, or click to select, the alternate file location where you want to store the export file. Alternate file locations are set up on the Manage Alternate File Locations screen.
• Leave the File Location field blank. When you execute this application, the export file is saved to the Costpoint database. Use the Export Files application to retrieve it and save it to a location on the network.

Enter, or click to select, the name of the file being created.

Select this check box to overwrite an existing file with the same file name.

Select this check box if you have payroll records that have not been posted to the General Ledger and you want to include these paychecks in the tax deposit.

Select this check box if you have payroll records that have been posted to the General Ledger that you want to include in the tax deposit.

Click the Calculate button to populate this field with the total social security tax withheld from employee paychecks. To report an override amount, enter the amount in this field.

Click the Calculate button to populate this field with the total social security tax accrued by the employer. To report an override amount, enter the amount in this field.

Click the Calculate button to populate this field with the total federal income tax withheld from employee paychecks. To report an override amount, enter the amount in this field.

Click the Calculate button to populate this field with the total Medicare tax withheld from employee paychecks. To report an override amount, enter the amount in this field.

Click the Calculate button to populate this field with the total Medicare tax accrued by the employer. To report an override amount, enter the amount in this field.

From the drop-down list, select the one-digit numeric value that precedes the tax ID in the Company Identification field of the EFTPS file's Batch Header Record (column 41) and Company/Batch Control Record (column 45). Valid options are:

• 1: Select this option if only one identifier is needed or if each unit has a unique IRS employer ID number.
• 9: Select this option if each unit does not have a unique IRS employer ID number or if batches are varied because of unique settlement accounts.

Click this button to populate the fields in the Reporting Information group box.

Click to print the tax deposit report.  

Click the arrow to the right of and select one of the following options:

• Print/Create EFTPS Tax Deposit File: Select this option to print and create the FUTA Quarterly Tax file based on employer FUTA accrued totals. Costpoint displays a message asking if you really intend to create the EFTPS FUTA Quarterly Tax Deposit File. Click OK to print the tax deposit report and create the file. You can also select this option from the print menu.  After the program begins creating the file, a DO NOT INTERRUPT message and a message showing records processed displays.
• Create EFTPS Tax Deposit file: Select this option to create the EFTPS Tax Deposit file after you have first printed the file. This option becomes available after you print the Tax Deposit report. When you receive a message asking if you really intend to create the tax deposit file, click OK.

Note: When you modify any of the print options or selection criteria after printing the report, you must print the Tax Deposit report again before creating the Quarterly Tax Deposit File. If you click after changing a parameter, the report prints automatically as part of the creating process.

• Calculate Amounts: Select this option to populate the fields in the Reporting Information group box. You can also click the Calculate button.
• Batch Mode/Print/Create EFTPS Tax Deposit File: Select this option to schedule when to print the report and create the FUTA Quarterly Tax file based on employer FUTA accrued totals. You can also select this option from the Print menu.