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We are implementing a 401(k) match in 2009, and I was hoping to record
the company match expense by department. However, I am being told by our
payroll manager and MAPICS that the 401(k) match is a company level
deduction, and therefore can only be coded to 1 department/expense code.
Does this sound right?
We are XA v6, using MAPICS payroll and IFM.
Bill Mongan
Corporate Controller
Generac Power Systems, Inc.
262-544-4811 x.2097
bmongan@xxxxxxxxxxx
www.generac.com
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