This form allows you to manage tax deferred compensation and cafeteria plans for your employees through this option. BIS maintains the following payroll adjustments master record: Additions, Deductions, Tax Deferred and Local Taxes. These adjustments must exist in the master file prior to setting up adjustment defaults in an employee master record or being used
Deduction codes are used to decrease an employee’s gross pay. Reasons for deductions include insurance payment, to pay back a payroll advance, or to withhold additional Federal or State taxes. For your convenience, BIS has 12 system deduction codes, which cannot be deleted. You may also create your own deduction codes to use. To add
Addition codes are used to increase an employee’s gross pay for a variety reasons, including vacation or sick pay, non-payroll additions (such as a reimbursement), or an Advance Earned Income Credit payment. To assist you, BIS has 13 system addition codes that you may use. These system codes cannot be deleted. You may also create