The Config Tab

The Config tab controls several settings for all scenarios within a fiscal year. 

Information within the Config tab does not copy from one year to the next and should be filled out as appropriate each year. 

Config Tab Options

• First payroll date in fiscal year (for weekly pay types) - Set for weekly pay types, if needed. The date selected will determine which months contain four pay periods and which will contain five pay periods.
• First payroll date in fiscal year (for bi-weekly pay types) - Set for bi-weekly pay types, if needed. The date selected will determine which months contain two pay periods and which will contain three pay periods.
• FICA Rate - Set the FICA tax rate. This is the percentage of all Is Taxable pay types assigned to a position. If you have different GL accounts for Medicare/Social Security or if you use the Social Security annual cap leave this blank. 
• FICA Account - The account that will be utilized for budgeting FICA tax. If you have different GL accounts for Medicare/Social Security or if you use the Social Security annual cap leave this blank.
• Monthly Hours per FTE - This is the number of hours used in various reports to calculate the total hours per month a position works. The Allocation Analysis and FTE reports assign hours per this value. When set to 173.33, each full time position will be calculated at 173.33 or 40 hours per week. Use the following calculation to set this:  [Hours per week] * 52 / 12

Use the links below to navigate through the learning path.

Scenarios Tab  <<  Building a Scenario - Learning Path  >>  Pay Types