The following updates were added to:
- JESOP.
- SO1 and SO2 Reports.
1. JESOP
A new feature, JESOP (Jamaica Employee Share Ownership Plan), that allows the upload of employee and employer contributions for processing in the payroll, was added. Please note the following:
- The JESOP feature must first be enabled via Feature Management.
- The JESOP Upload allows the upload of fixed width JESOP data, with employee and employer deductions.
- The JESOP Upload screen allows clients to create Cycle Change records and send them to the Fixed Data Import screen where they can be validated and posted.
- Once payroll has been run, the Generate Data button can be used to generate the JESOP export data for the selected company/ies. This data can then be exported via the JESOP Export button.
- The JESOP Export relies on System Codes:
- BNSJESOPRA: the Value of which must be 1, to activate the JESOP Export rule.
- BNSJESOPDC: the valid Deduction Code in the Value field that should be used to export data.
Step 1: Enable JESOP
System Configurations>>Feature Management
Step 2: Set up System Codes
System Configurations>>System Codes>>System Codes
Step 3: Upload JESOP
Upload the fixed-width text file in the required format with the JESOP data.
Business Rules>>Pay Options>>JESOP>>JESOP Upload>>[Upload JESOP]
The imported data can also be deleted via the Delete JESOP button.
Step 4: Post to Cycle Changes (Fixed Data Imports)
Business Rules>>Pay Options>>JESOP>>JESOP Upload>>[Post to Cycle Changes]
- The data will be posted to the Fixed Data Imports (next step) for validation.
Step 5: Validate and Post Entries to Cycle Changes
Payroll>>Process Payroll>>Import Cycle Changes>>Fixed Data Imports
Step 6: Process Payroll
Process payroll as you normally would.
Payroll>>Process Payroll>>Cycle Changes>>[search for Pay Group, Pay Year and Pay Cycle]
Step 7: Search for JESOP Data
Enter the Search criteria to view summary details by Company, Pay Group, Cycle and Status.
Business Rules>>Pay Options>>JESOP>>JESOP Export>>[Generate Data]
Step 8: Generate Data
Business Rules>>Pay Options>>JESOP>>JESOP Export>>[Generate Data]
- The data for Pay Cycles that are RUN will be generated and displayed by Company.
Step 9: Export Data
Business Rules>>Pay Options>>JESOP>>JESOP Export>>[Export Data]:
The data will be exported successfully:
2. SO1 and SO2 Reports
A System Code, JMCLT, was created to allow users to configure the Deduction Code/s for Concessionary Loan Tax.
System Configurations>>System Codes
- Monthly and Annual Totals will be generated in both the S01 and S02 Statutory Reports.
- SO1: Concessionary Loan Tax will be generated in the PAYE Income Tax/(Refunds) column every month.
- SO2: Year-to-Date Total is added to the S02 Annual Statutory Reports on the fiscal reporting year.
Payroll>>Payroll Reports>>Jamaica Statutory>>Enhanced SO1 Employers Monthly Remittance Payroll Deductions
- EDT and NHT are the deductions for the System Code JMCLT. PAYE + EDT +NHT (6810.50 + 3045.00 + 5,500.00 = 13,355.50 (shown correctly on the report).
0 Comments
Add your comment