1. NetSuite Enterprise Performance Management
  2. NetSuite Planning and Budgeting
  3. Planning and Budgeting Workforce
  4. Working With Workforce Assumption Forms
  5. Entering Local Assumptions

Entering Local Assumptions

Use the Location Assumptions form to enter the State Unemployment Tax Act (SUTA) tax rate and other payroll tax rates by Location (state). Enter these values for the current and next fiscal years.

Note:

This form only applies to the United States Subsidiary.

To enter the local rates for state payroll taxes:

  1. From the Home page, click the Workforce card.

  2. Click the Setup tab on the left-hand side.

  3. Click Pay Schedule.

  4. In the Point of View (POV), select United States.

    If you use Forms 1.0, click the Go icon Go icon to apply the changes to the POV.

  5. For applicable states, enter the following payroll tax values for your company:

    • SUTA % – Enter the percentage of an employee's wages that you must to pay to the state's unemployment insurance fund.

    • SUTA Max – Enter the maximum amount of an employee's wages that is subject to SUTA taxes. Each state sets its own SUTA maximum value, which can vary from year to year.

    • Other Payroll Tax – Enter the percentage of the employee's wage that you pay to the state for other payroll tax funds.

  6. Click Save.

  7. (Optional) To update the employee-related expense accounts in Workforce:

    1. Right-click the data grid, and then select Update Workforce.

    2. Confirm the Subsidiary and Currency members.

    3. Click Launch.

  8. (Optional) To update the employee-related expense accounts in Workforce and Financials, and to aggregate the application:

    1. Right-click the data grid, and then select Update Financials.

    2. Confirm the Subsidiary and Currency members.

    3. Click Launch.

General Notices