Employer Contribution Worksheet

The Employer Contribution Worksheet is used to calculate the employer's maximum matching contribution on such plans as a Simple IRA where employee contributions are matched by the employer.  This report can be printed by transaction date (check date) or week ending date and the report will list all payroll checks for each employee along with total deductions for each of the six deduction accumulators.  The specific deduction accumulator for the Simple IRA must be defined on the Misc Pays > Deds Tab of the Payroll Properties Screen along with the maximum employer contribution percentage.  The worksheet can then be used to make a journal entry to accrue the liability.

Note: This report is only available through the Reports system (MAR).