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403B

Posted: Thu Dec 02, 2010 2:17 pm
by jordan2k510
I recently upgraded to v11. I would like to know how to set up the 403B Retirement Item Descriptions. I have read the on-line help for pre-tax deductions. Our Pastor contributes 6% of his salary +housing allowance and the church contributes 3%. In v11 is this still going to be 2 separate entries in the Item Descriptions; one for the employee 6% deduction and a separate one for the 3% church expense?

Re: 403B

Posted: Fri Dec 03, 2010 12:22 am
by NeilZ
jordan2k510 wrote:I recently upgraded to v11. I would like to know how to set up the 403B Retirement Item Descriptions. I have read the on-line help for pre-tax deductions. Our Pastor contributes 6% of his salary +housing allowance and the church contributes 3%. In v11 is this still going to be 2 separate entries in the Item Descriptions; one for the employee 6% deduction and a separate one for the 3% church expense?
I'm fairly certain it has to be two separate Payroll Items. For example, our church pays for the pastor's pension and health insurance. This is a separate item processed at payroll so that funds are shown in the liability account. I'm certain your contribution to the pastor's 403B will work in the same way.

You may also find this Knowledgebase article helpful in explaining the changes needed for the Pastor's salary items:

http://powerchurch.com/support/kb/kbvie ... icle_id=17