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Attention: Customers with NetSuite Electronic Bank Payment (EBP) SuiteApp, version 2020.2 QA (ID 315896) must UPDATE (do NOT uninstall) their bundle to the Production version 2022.1 (ID 416781) by December 31, 2022. Note: If users fail to manually update the Electronic Bank Payments SuiteApp within the given time window, this version of the SuiteApp (ID: 315896) will be deprecated and the account will not be updated to Leading version (2022.1) of the Electronic Bank Payments SuiteApp. Please refer to the campaign email sent to impacted customers for more information.
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NetSuite Release 2023.1 is here! Download the release notes and post your questions in the new Release 2023.1 category.
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New NetSuite 2021.2 SuitePeople U.S. Payroll Features
This notice is intended for customer who are using NetSuite SuitePeople U.S. Payroll. In NetSuite 2021.2, SuitePeople U.S. Payroll will introduce two new features:
- 401(k) Plan Setup
- Custom Elective Deferral Limits and Automatic Catch-Up Calculation
These features will be available when your account is upgraded to 2021.2.
Why is this Changing?
These new features will make it easier to calculate employee contributions and employer matching by eliminating recurring manual steps.
What is Changing?
401(k) Plan Setup
Payroll Managers can use this feature to:
- Define a 401(k) plan based on an employee’s gross income or a group of eligible earnings.
@Robert Nedelkow-Oracle | NetSuite Support Community Administrator
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