The Rate Types in the Direct Deposit Information group box, on the Compensation tab of the 5-2-1 Employees screen, determine how your paycheck is deposited into specific accounts.

Rate types explained

0-None: There’s no rate type.
Select this only if you don't use direct deposit.

1-Dollar Amount: The amount is in dollars.
This can't be the only Rate Type indicated. If you choose this option, use a second row to indicate 3-Remainder of Check.

2-Percent of Net: The amount is a percentage of the total.
If this is the only Rate Type entered, then the rate must equal 100.

3-Remainder of Check: The amount is determined by the earnings remaining for this pay period after other designated deposits.
Use this as the first and only row selection if you want the entire check deposited.

More information

• The four lines of Direct Deposit Information are processed by Sage 100 Contractor according to the Rate Type first.
• Sage 100 Contractor begins with 1-Dollar Amount, then 2-Percent of Net, and last, 3-Remainder of Check.
• If all lines are set to 1-Dollar Amount, then Sage 100 Contractor processes the lines in order from top to bottom.
• If you want to split the check among accounts, then the total must be 100.
• Select 3-Remainder of Check for the last row to ensure all earnings are deposited.

Steps to configure direct deposit rate types

1. Open 5-2-1 Employees, then select the Compensation tab.
2. In the Direct Deposit Information group box, choose the appropriate Rate Type for each account.
3. If using 1-Dollar Amount, add another row for 3-Remainder of Check.
4. If using 2-Percent of Net as the only Rate Type, enter 100 as the rate.
5. For full deposit into one account, select 3-Remainder of Check as the only row.
6. Confirm that the total equals 100 when splitting deposits among accounts.