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GTL Taxation process sans GTL module

  • 1.  GTL Taxation process sans GTL module

    Posted Nov 07, 2019 11:55 AM
    Good day!  We don't have the Life Insurance Calculator set up in GP (our goal is for this to be implemented beginning of 2020). For previous years we've processed manual checks. We are now wondering if doing them off-cycle might be quicker and a better approach. We create a pay code for the taxable amount and a deduction code to reduce the imputed income by any applicable social security and Medicare taxes.  Does anyone have feedback if doing this via off-cycle checks has been successful or not? How do you impute income without the life insurance calculator? Please share your successes and pain points. Thank you!

    Eileen Schmitt
    Academy - Online Interactive Learning from Experts

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