Lesson 4.6 Activity
- Navigate to the Balances Tab: Log into FastFund, go to Lists > Employees, open a test employee record, and click on the Balances tab.
- Explore the Entry Sequence: Notice the five specific sections (Pay Type, Payroll Tax, Other Income, Deduction, Contribution). Click the + icon next to Pay Type to see how the drop-down menu pulls directly from your global Pay Types list.
- Observe the Auto-Calculation: Enter a dummy amount of $5,000 for a Regular Pay Type, and 500foraFITPayrollTax.Lookatthetopofthescreenandobservehowthe∗∗BeginningNetPayroll∗∗automaticallycalculatesthedifference(4,500). Click Cancel or exit the screen without clicking the LOCK button so the test data is not permanently saved.