Customer Help Portal
< All Topics
Print

Reports for Deduction Contribution Tracking

PostedDecember 18, 2023
UpdatedDecember 18, 2023

MACC has taken steps to accommodate the SECURE 2.0 Act, Section 603, catch-up contributions for employees who earned a salary exceeding $145,000 in 2023 which must be treated as Roth contributions. The Employee Deduction report was updated and the creation of the “Deduction Max Contribution Limit Reached Report” provides improved reporting needed for more accurate deduction contribution tracking.

Packages | Payroll | Reports | Processing Reports | Payroll YTD, Deduction, Tax Reports

A “Remaining Balance as of xx/xx/xxxx” calculation was added to the “Employee Deduction Report.” The remaining balance total will be displayed in the Employee Contribution column for each employee. If an employee has a maximum contribution amount greater than $0.00, the remaining balance total will be displayed in the “Employer Contribution” column.

Payroll Suite | Processing | Payroll Cycle Processing

A new report labeled “Deduction Max Contribution Limit Reached Report” was created. The report will appear during the Payroll Process step “Employee/Labor Verification.” The “Deduction Max Contribution Limit Reached Report” was added as an option to the “Payroll Cycle Report Save Options” grid.

When Save PDF or CSV is checked, the remaining balance total will be displayed in the “EE Amount” column for each employee. If an employee has a max contribution amount greater than $0.00, the remaining balance total will be displayed in the “ER Amount” column.

Table of Contents

 

Delinquents

No Penalty Option for Delinquents

A new “No Penalty” option is now available for delinquent accounts, so users have the ability to send a late notice to an account, but keep the account from getting a penalty. An Expire Date, Alert, and reports are available for accounts flagged No Penalty.

A No Penalty check box was added to the Credit Node of the Service Order, with a corresponding Expire Date drop-down calendar. When checked, the account can receive a delinquent notice, but will not get a late fee during the Penalties process. The Expire Date can be set to limit the amount of time the account is exempt from penalties.

A No Penalty Alert is available for both Inquiry and Payments at Maintenance | Common | Alerts, and will display in the Alerts window for any accounts flagged No Penalty.

The Non-Zero Balance Report found in the report’s menu of the Delinquent process, contains a new No Penalty column to aid in identifying No Penalty accounts.

The Credit Attributes report, and the Grid Report – Account can be used to discover accounts flagged as No Penalty. The Credit Attributes report has a new group box for No Penalty Options, and the Grid Report – Account includes No Penalty, and No Penalty Expire Date selections.