[BCB:5:Third-party support:ECB]

How to enter new payroll formulas

1. Go to File, Payroll Formulas, and select User-Maintained.
2. Set up the formula by giving it a Unique Formula ID.
3. Select the appropriate classification at the How do you classify this formula? drop-down.
   Note: If Selecting Tax, specify the appropriate Tax agency and the appropriate State and Locality as necessary.
4. Select the appropriate drop-down for the following:
   • Effect on gross pay
   • Filing status
5. In the formula field, enter the formula content. You can check the section below for basic examples.
   • The formula field is case-sensitive
   • When creating a formula using Hourly and Salary fields, capitalize the names HOURLY and SALARY
   • Enter percents as decimals (such as 0.20 for 20%)

Basic example formulas

Formula based on Gross:

• ANSWER=-GROSS*(percent)
  Enter the (percent) value as a decimal percentage (for example: 0.20 to represent 20%)

Formula using the Special fields on the Withholding Info tab of the employee record:

• ANSWER=-EMP_SPECIAL1_NUMBER/100
• ANSWER=-EMP_SPECIAL2_NUMBER/100
  This will turn the amount entered in the Special 1 or Special 2 field into a percentage calculation

Formula using the Special fields for a flat amount:

• ANSWER=-EMP_SPECIAL1_NUMBER
  This sets up an employee deduction or company portion.
• ANSWER=EMP_SPECIAL1_NUMBER
  This sets up an employee benefit.

How do the payroll formulas work?