Rate type
Rate Type determines if the rate is a percentage or dollar amount.
|
Rate Type |
Description |
|---|---|
|
0-None |
The rate type is set to none. |
|
1-Dollar amount |
The amount is in dollars. |
|
2-Percent of net pay |
The amount is a percentage of the total. |
|
3-Remainder of check |
The amount is whatever is left over from the other designated deposits. |
Note: The four lines of Direct Deposit are read by Sage 100 Contractor according to Rate Type first. It looks first at 1-Dollar amount, then 2-Percent of net pay, and last, 3-Remainder of check. If all lines are set to 1-Dollar amount, Sage 100 Contractor looks at the lines in order from top to bottom.
|
If… |
Then... |
|---|---|
|
It is a single row entry and the Rate Type is 2-Percent of Net… |
…The Rate must equal 100%. |
|
It is a multiple row entry and the Rate Type is 2-Percent of Net… |
…The Rate must equal 100 or the last row must be set to Remainder of Check. |
|
It is a single row entry and the Rate Type is 1-Dollar Amount… |
…A second row must be created and set to Remainder of Check. |
|
It is a single row entry and the Rate Type is 3-Remainder of Check… |
…The system assumes this is the entire check. |