[John Stabler]

So we have done our open enrollment and HR has asked to put in new deduction and benefit codes into dynamics to distinguish them year over year.  Is this the best way to do it … especially with the additional reporting for ACA, or can we continue to use the old codes and just change the rates?  We have approximately 70 different Ben / Deduction codes setup for our Med, Dental and vision, so setting up new codes each year and setting up the posting for those codes will be somewhat challenging… thus the reason for my question.

If anyone has a better way to build this mousetrap or can give us some advice on the advantages / pitfalls to changing codes or keeping them the same and rolling them forward…would be much appreciated.

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John Stabler
Controller
ConsultNet LLC
South Jordan UT
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[Teri Carpenter]

• Hi John, The only reason you would want to set up new codes is if it a new company. Besides all the new Ben/Ded codes you would have all the GL coding to map as well. stick with using the start and end dates and rolling down rate changes on the siding codes. You’ll have a better New Year.

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Teri Carpenter
President
TD Carpenter & Associates, Inc.
Toledo OH
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[Joni Finnell]

John:

We have always kept the same codes and just changed the rates unless it was a new insurance company or type (MEC or MVP-love ACA-lol). I add notes to the code master to keep track of the changes.

Thanks

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Joni Finnell
Project Accountant/GP Troubleshooter
Consumer Support Services, Inc.
Newark OH
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