Payment Add - Non-Qualified Periodic

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The Non-Qualified Periodic Payment consists of the following pages:

  1. Payment Type
  2. Payment Distribution Type
  3. Payment & Taxability
  4. Mailing Instructions
  5. Tax Withholding
  6. Deductions

 
Before You Begin:
  1. From the left menu, under Payment, click Add.

To Add a Non-Qualified Periodic Payment:

  1. From Payment Type options, select Periodic.
  2. Click Next.
    The Payment Distribution Type window appears.
  3. Select a Distribution Type.
  4. Click Next.
    The Payment & Taxability page appears.
  5. Enter information in appropriate fields.
    Note Pay Cycle defaults Immediate. If setting up a payment, the Total Funding Source Amount must equal the Total Taxation Amount.
  6. From the bottom of the page, click Mailing Instructions.
    The Mailing Instructions page appears.
  7. Enter following information if needed:
  8. From the bottom of the page, click Withholding.
    The Tax Withholding page appears.
  9. Enter Tax Withholding information.
  10. Click Save.
    Message appears indicating a successful save.

To Add a Non-Qualified Retro Payment:

  1. From Payment Type options, select Retro.
  2. Click Next.
    The Payment Distribution Type window appears.
  3. Select a distribution type.
  4. Click Next.
    The Payment & Taxability page appears.
  5. Enter appropriate information.
    Notes Payable Date defaults to next business day. The Total Funding Source Amount must equal the Total Taxation Amount.
  6. From the bottom of the page, click Deductions.
    The Deductions page appears.
  7. Enter Deduction information if needed.
  8. From the bottom of the page, click Withholding.
    The Withholding page appears.
  9. Enter Overriding Withholding information if different from the Periodic payment.
    Note If withholding instructions are not entered, withholding will be deducted using the recurring periodic payment instructions.
  10. From the bottom of the page, click Mailing Instructions.
    The Mailing Instructions page appears.
  11. Enter following information if needed:
  12. Click Save.
    Message appears indicating a successful save.

To Add a Non-Qualifed Non-Cash ONLY Periodic Payment:

  1. From Payment Type options, select Periodic.
  2. Click Next.
    The Payment Distribution Type window appears.
  3. Select a Distribution Type.
  4. Click Next.
    The Payment & Taxability page appears.
  5. Enter appropriate information.
    Note Pay Cycle defaults to Immediate. Under Non-Cash, enter:
  6. Taxable Stock Distribution
  7. Cost of Group Term Insurance
  8. From the bottom of the page, click Withholding.
    The Tax Withholding page appears.
  9. Click Do not withhold for Federal and State elections.
  10. Click Save.
    Message appears indicating a successful save.
To discontinue adding a payment:
  1. From the left menu, click any option before saving payment.
Related Topics
Benefit Payments Overview
Payment Add - Dividends
Payment Add - Installments
Payment Add - Loans
Payment Add - Non-qualified Lump Sum
Payment Add - Qualified Lump Sum
Payment Add - Qualified Periodic