This tab provides you with details on social security contributions withheld from the earnings of the employee on the date of termination and on social security contributions paid by the entity for this employee.
This tab is available if the Payroll Taxes and Contributions Accounting functional option is selected on the Administration > Settings > Taxes form, and if the Payroll Taxes and Contributions Payer check box is selected in entity's master record on the Taxes tab of the Accounting > Master Data > Entities form.
The list includes the contributions that are listed both in the entity's master record (the Tax Accounting tab) and in the Employment Contract (or its later changes) of the employee.
The tab comprises the following two panes:
- Contributions: This (upper) pane contains a list of contributions to be withheld from earnings and those payable by the entity.
- Basic Accruals: This (lower) pane contains a list of base accruals used for calculation of the contribution selected in the upper pane.
The "Termination (create)" form. The Contributions tab
The Contributions pane
Click Fill on the tab toolbar to populate the list of contributions from the entity's master records: Accounting > Master Data > Entities.
Review the list and remove the lines not applicable to this employee. Click Add if you need to add a new object manually.
The Contribution/ Contribution Calculation Method column shows the type of contribution and the method to be used for its amount calculation.
Make sure the Entity is Payer check marks indicate the contributions that are paid at the entity's expense.
The Start Date and End Date columns show the dates that indicate the pay period within the termination month.
The Lower Income Limit/ Upper Income Limit column shows the limits within which the contribution is applicable.
The Amount of Basic Accruals/ Basis for Calculation column shows the amount used as the basis for tax calculation.
The Rate column shows the percent of the base accruals for this contribution type.
The Amount column shows the amount of this contribution resulted from calculation based on the data provided by this document.
The DR GL Account/ Dr GL Account Dimensions shows the GL account to be used on the debit side and its dimension to be used for GL journal entries.
The Transaction Content column contains the default description of the transaction; you can edit it if needed.
The Contributions pane toolbar buttons
Click the Calculate for the Selected Row button to calculate the contribution for a row selected in the table.
Click Calculate to calculate all the applicable contributions for the employee.
The Basic Accruals pane
The Accrual Type column is automatically populated with one of base accrual types from the employee's contract and contract changes.
The Start Date and End Date columns show the dates that indicate the pay period within the termination month.
The Accrual Amount column shows amount of earnings used for contribution calculation.
The Amount (Doc Cur) column shows amount of earnings used for contribution calculation.
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At the bottom of the tab, the Contributions Withheld field shows the total of contributions withheld from the employee's earnings in the termination month.
The Contributions Payable by Entity field shows the total of contributions to be paid by the entity on behalf of the employee in the termination month.