Periodic - (YTD-FUTA Limit) Formula

The Periodic - (YTD - FUTA Limit) formula determines the difference between the total monthly salary formula and the year-to-date - FUTA Limit formula.

Periodic year to date FUTA limit example formula

There are two different options for creating this formula:

  • Option 1: Select each formula block.

  • Option 2: Type the formula in the text field of the Text tab.

Option 1

Follow these instructions to create this formula using example data and dependency formulas:

  1. Populate the formula criteria:

    • Formula Name: Periodic - (YTD - FUTA Limit)

    • (Optional) Formula Description

    • Register Group: All Employees

    • Value Type: Periodic

    • Account: 50203 - Periodic - (YTD - FUTA Limit)

    • Scenario Type: All Scenarios

    • Periods: All periods selected

  2. Click the Functions tab and select the IsNull block.

  3. Select the vertical ellipses to the right of the IsNull block.

  4. Click the Accounts tab, select 50299 from the Account Name drop-down menu, select the Total Monthly Salary formula and click the Add Block button.

  5. Select the vertical ellipses after the next comma block.

  6. Click the Text tab and type 0 in the text field and click the Add To Formula button.

  7. Select the vertical ellipses after the next parentheses block.

  8. Click the - operator block.

  9. Click the Functions tab and select the IsNull block.

  10. Select the vertical ellipses to the right of the IsNull block.

  11. Click the Accounts tab, select 50201 from the Account Name drop-down menu, select the YTD Salary - Tax Limit formula and click the Add Block button.

  12. Select the vertical ellipses after the next comma block.

  13. Click the Text tab, type 0 in the text field and click the Add To Formula button.

  14. Select the vertical ellipses after the next parentheses block.

  15. Click the - operator block.

  16. Click the Globals tab, select the Federal Tax Limit from the drop-down menu and click the Add To Formula button.

  17. Click the ) operator block.

  18. Click the Save button. You will receive a confirmation message with the option to create another formula or return to the formula library.

Option 2

Follow these instructions to create the formula by typing in the Text tab:

  1. Populate the formula criteria:

    • Formula Name: Periodic - (YTD - FUTA Limit)

    • (Optional) Formula Description

    • Register Group: All Employees

    • Value Type: Periodic

    • Account: 50203 - Periodic - (YTD - FUTA Limit)

    • Scenario Type: All Scenarios

    • Periods: All periods selected

  2. Click the Text tab, type IsNull(A#50299,0)-(IsNull(A#50201,0)-Federal Tax Limit) in the text field and click the Add To Formula button.

  3. Click the Save button. You will receive a confirmation message with the option to create another formula or return to the formula library.