Wiki source code of Updating Unemployment Rate
Version 1.1 by christie w on 2023/02/01 19:16
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1 | Your **State Unemployment Rate** is set by the state and is normally updated each year. | ||
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3 | To update your State Unemployment Rate in the payroll program go to the **Payroll Items** screen. | ||
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5 | * | ||
6 | ** From the listing of your employees on the left side select **"Employee List Settings"** in red at the top. | ||
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8 | * | ||
9 | ** Double-click on your **State Unemployment** listed under the **Employer Paid** in green to the right. | ||
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12 | [[image:https://www.aatrix.com/files/3314/2352/3493/Updating_Unemployment_Rate_01.png||alt="Learn how to update your State Unemployment Rate for the year even after paychecks have already been processed." height="448" width="680"]] | ||
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15 | * | ||
16 | ** Enter the rate for the company in **percentage** form. | ||
17 | \\//**Note: **the rate needs to be entered as a percentage. If the State gives you the rate as a decimal, 0.0235 for example, then move the decimal point 2 places to the right, using the example you would enter 2.35// | ||
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19 | [[image:https://www.aatrix.com/files/6514/2352/3494/Updating_Unemployment_Rate_02.png||alt="Learn how to update your State Unemployment Rate for the year even after paychecks have already been processed." height="249" width="631"]] | ||
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21 | * | ||
22 | ** Click** "OK"** and **"OK"** again to update the rate on future paychecks processed in the program. | ||
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26 | ---- | ||
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29 | **Question: **I processed payroll in the new year before receiving my new Unemployment rate. How do I make sure the rate is applied to those checks? | ||
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31 | **Answer: **To have the unemployment rate applied to checks that have already been processed in your payroll program, follow the instructions below. | ||
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34 | **To update the rate on checks already entered into the program (updating retroactively):** | ||
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36 | * | ||
37 | ** In **Payroll Items**, go to the **"Edit"** menu across the top of your monitor screen and select **"Update Rates"**. | ||
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39 | [[image:https://www.aatrix.com/files/9114/2352/3495/Updating_Unemployment_Rate_03.png||alt="Learn how to update your State Unemployment Rate for the year even after paychecks have already been processed." height="416" width="679"]] | ||
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42 | * | ||
43 | ** From the **"Change the Rate Of"** dropdown menu, select your** State Unemployment**. | ||
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45 | * | ||
46 | ** Enter the rate for the company, again as a percentage, in the** "To" **box. | ||
47 | \\[[image:https://www.aatrix.com/files/7714/2352/3496/Updating_Unemployment_Rate_04.png||alt="Learn how to update your State Unemployment Rate for the year even after paychecks have already been processed." height="263" width="565"]] | ||
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49 | * | ||
50 | ** In the** "For Records Dated On Or After" **select the effective date for the new rate. | ||
51 | \\Make sure this is the **First (1st) day of the year**. | ||
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53 | * | ||
54 | ** Click** "Update"** and the program will go through the employee **Pay History Records** and **recalculate the State Unemployment amount** using the rate entered. |