The first thing to know is there are 2 (possibly 3) places to update the annual maximum for each deduction that will change this year.
Please remember these new maximums are for the 2020 calendar year. Therefore, you will need to enter these changes after the final payroll of 2019 but before the first payroll of 2020.
** Common Deduction Limits are designed to be used in situations where an employee might have multiple deductions that should be based on a single limit.
**You should back up the database before processing any Mass Update
i. Type of Change = Replace
ii. Match Current Value = No
iii. New Value of Change = 19,500
iv. Click Update
v. You will get a message stating that XX employees have been successfully updated.
vi. Click OK
vii. Click YES when asked if you want to print the Audit Report
5. Spot check some employees to ensure the changes have been made.
i. Go to Employee> View Edit Employee
ii. Select Payroll > Employee Payroll > Pay Tab
iii. Open the deduction
a. Highlight deduction
b. Click F9
c. Go to Min/Max Tab
d. Check for new Max amount
And that’s all there is for another easy solution to something that will have a big impact on your end of year and beginning payroll changes.