Proper way to do child support withholdings?

Can someone tell the proper way to do child support withholdings using Peacht Complete 2005? It's a set amount, not a percentage.

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Reply to
Jaime Lyn
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Hi Jamie -

Historically, what I always did was to go to the Chart of Accounts and create a new current liability account called Child Support Payable. Then I went to Maintain | Default Information | Employees. On the EmployEE tab, I entered a new record for ChildSupp and used the liability account I just created. Don't check the Calc or Memo boxes and OK out of that screen.

Next, open the Maintain Employees screen, pull up the employee(s) that have Child Support withholding, go to the EmployEE tab, scroll down to the ChildSupp entry and enter in the amount of their withholding (make sure it is a negative value), and save.

I would actually go one step further in that I would create a separate Child Support Liability account for each employee that had Child Support withholding - in that case, I would also change the GL account number on the EmployEE tab of the Maintain Employees screen to match the GL account for that employee. The benefit of this was that it made it very easy to reconcile child support withholding for a given employee - as that account should always come back to zero balance.

Finally, to make your life easy, enter a memorized transaction for your payment to the child support collection center - and enter a separate line item for each employee (being sure to use their personal child support liability GL account if you create separate ones) - this will make it easy to track what is being paid - and when you have an employee start or leave, you only have to simply remove or add a line to the check, versus recalculate what your new total is . . . separate details lines for each employee also makes it much easier to reconcile :^)

Reply to
Chad A. Gross [SBS-MVP]

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