Accumulator Maintenance

An accumulator is a collection of transaction type(s) whose values are used as the basis for the calculation of a value for another transaction type. Accumulators are also used for reporting and obtaining information for summary tree analysis.

You can use accumulators for taxation calculations. When your payroll module was installed a default accumulator was installed for taxation called Taxable, containing all the transaction types used in your payroll that should be included in the calculation of an employee's taxable income. When a pay is entered or processed, Greentree will total all the taxable transaction types for an employee and then apply the tax scales to obtain the tax payable for the pay period.

You can use the taxable accumulator in a summary tree to obtain the taxable income of all employees within your business. You can also use accumulators to calculate superannuation (compulsory and voluntary) or allowances that are based on other earnings.

Options Reference

Each option and field on the form is described below. Mandatory options and fields are highlighted in red.

Name

Enter or select the name of the accumulator that Greentree will control.

Comment

Enter text about the accumulator.

Transaction Types

Select each of the transaction types that are to be used in this accumulator.

Bulk Select

Click this button to enable bulk selection of transaction types - for example, Pay, Deduction, Tax and Employer Costs.