Codes to use for RA on Pastel Payroll

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  • Christel
    Silver Member

    • Feb 2012
    • 361

    #1

    Codes to use for RA on Pastel Payroll

    Hi there,
    Kindly let me know which codes should I use on pastel payroll for the following scenario:

    Employer pays the full RA contribution to the fund, but deducts 50% of the contribution from the employees' salary. The other 50% is a company contribution.

    Thanks.
    always fear when Christel is near....
  • Beancounter
    Bronze Member

    • Oct 2011
    • 140

    #2
    Transaction Code 7100 - RA Tax deductible: must be set to not affect payslip and to not print on payslip. Enter the transaction in the Deductions tab and the total RA amount against it.
    Transaction Code 6400 - RA benefit: Enter the transaction in the Benefits tab and the 50% contributed by the employer against it.
    Set-up a new deduction Transaction Code and link it to Transaction Template 8500 - Sundry deductions - Non-Tax Deductible. Use that to deduct the employee's 50%.

    Hope this helps!
    No good deed shall go unpunished - Oscar Wilde

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