Is there a way to correct SUI when it was setup to self adjust and it should have been setup to self
Our system was setup to Self Adjust SUI. New Jersey issues out its new rates in July. We entered the new rates into the P079221 -Unemployment Rates. The old rates have expiration of 6/30/2015 and the new rates have effective dates of 7/1/2015.
When the first payroll ran after the new rates were entered, the system self adjusted. The issue is, it self adjusted for the full year. Took the new rate times the ytd gross and did an adjusting entry. We are assuming this is because we were setup as self adjust instead of semi-annual adjust?? Is that correct?
Does anyone know how to correct this or is this a manual correction?