Entering Annual Assumptions

The Annual Assumptions form enables you to make strategic decisions about employee benefits, tax planning, and overall financial management. Use the form to enter assumptions of the annual rates for employee benefits and tax expenses. Enter assumptions for the current and next fiscal years by Subsidiary.

This form covers the following expense categories:

401(K) Retirement Plan – Enter the percentage for which the company will match of employee contributions. Also, enter the maximum amount the company contributes to employee 401(k) plans.
Payroll Taxes – Enter the percentages that the company pays on behalf of employees for payroll taxes. These payroll taxes include Federal Insurance Contributions Act (FICA), Medicare, and Federal Unemployment Tax Act (FUTA). Also, enter the annual salary maximums that are subject to these taxes.
Employee Insurance Benefits – Enter the company's contribution percentages to Accidental Death & Dismemberment (AD&D), short-term disability (STD), and long-term disability (LTD) insurance benefits.
Raise Eligible – Enter the number of months that employees must be employed before they become eligible for a raise.

To enter annual rates for employee benefits and tax expenses:

From the Home page, click the Workforce card.
Click the Setup tab on the left-hand side.
Click Annual Assumptions.
In the Point of View (POV), select a Subsidiary.

If you use Forms 1.0, click the Go icon to apply the changes to the POV.
For the current and next fiscal years, select the merit month, and then enter expense assumptions in the cells of applicable rows.
Click Save.
(Optional) To update the employee-related expense accounts in Workforce:
1. Right-click the data grid, and then select Update Workforce.
2. Confirm the Subsidiary and Currency members.
3. Click Launch.
(Optional) To update the employee-related expense accounts in Workforce and Financials, and to aggregate the application:
1. Right-click the data grid, and then select Update Financials.
2. Confirm the Subsidiary and Currency members.
3. Click Launch.

General Notices