.png)
, then click the FRINGE BENEFITS SPREAD button. .png)
FRINGE SPREAD
DESCRIPTION: This program will spread the fringe benefits you pay for your employees to the low and high account levels you specify and create a Transfer Voucher (TV).
======================================================
To start, click the GENERAL LEDGER button on the Main Screen , then click the FRINGE BENEFITS SPREAD button.
.png)
1. FRINGE PERCENT: .png){kind=small}
Enter Fringe Percent as a whole number with a decimal point for tenths of a percent. (Get this fringe percent from your ACT-51 report.)
2. YEAR START DATE: .png){kind=small}
Enter your Fiscal Year Start Date.
3. EFFECTIVE DATE: .png){kind=small}
Enter the Effective Date of the Fringe Spread. (Typically the end of the fiscal year, unless you are spreading fringes on a monthly basis.)
4. LOW/HIGH ACCT RANGES: .png)
Enter the low and high account number range you wish to spread the benefits across.
5. If there are account numbers you don't want to spread fringes to, enter these account number(s) in the LIST OF ACCOUNT 3S TO EXCLUDE box and then click the ADD TO EXCLUDE LIST button.
.png)
Note: You can only exclude account level 3s (control numbers) from the fringe spread.
6. CREDIT ACCOUNT FOR FRINGE SPREAD: .png)
Enter the CREDIT account you would like the computer to use. (If you have more than one CREDIT account you need to enter to, you can edit the Transfer Voucher processed by the fringe benefit spread.)
7. OK/CANCEL: .png){kind=small}
.png){kind=small}
Enter OK if you are ready, otherwise click CANCEL to return to the Main Screen without spreading the fringes.
The following confirmation message will be displayed:
.png)
If the message is displaying erroneous information, click CANCEL to cancel the Fringe Spread program; otherwise, make a note of the journal number and click OK to continue.
After the fringes have been spread, you will see a confirmation window displayed:
.png)
BALANCING THE FRINGE SPREAD ENTRIES:
.png)
The Source of Entry "TV" (Transfer Voucher) will contain all your debit entries and the one credit entry you listed when running the fringe spread. If you need to make credits from other accounts, besides the one you chose, you will need to balance them in this Transfer Voucher.
TO BALANCE YOUR TRANSFER VOUCHER:
1. Click on the GENERAL LEDGER button and then the GENERAL LEDGER POST button. .png)
2. EFFECTIVE DATE: .png){kind=small}
Enter the EFFECTIVE DATE you entered on the Fringe Spread screen (typically last day of Fiscal Year, or of the month if spreading monthly.)
3. SOURCE OF ENTRY: .png){kind=small}
Change the SOURCE OF ENTRY to "TV" (Transfer Voucher).
4. JOURNAL NUMBER: .png)
Enter the JOURNAL NUMBER. (You should have written this down when you processed the Fringe Spread. If you forgot, click on the Yellow Folder next to the Journal Number box and find the most recent FRINGE SPREAD, then click on it.
5. Click OK. .png){kind=small}
6. Make any adjustments to the amounts listed by clicking the EDIT button .png){kind=small}
, or the NEW button .png){kind=small}
if you need to add more accounts. Most likely your adjustments will be to your credit account(s). Check the debit amounts for reasonableness.
7. Click the SAVE button when done with each entry. .png){kind=small}
8. Click the COMMIT button .png){kind=small}
, then OK , when done modifying the entire Journal.