Payroll
Payroll
The Payroll System encompasses the entire process of entering time tickets, calculating local, state and federal taxes and printing the checks. Monthly, quarterly and year-end reports as well as W-2’s are automatically produced. The Payroll System is fully integrated to the General Ledger, Check Reconciliation and Accounts Payable Modules.
System Features
- Distribution of hours and earnings by department with multiple pay rates.
- Checks that have been prepared manually can easily be entered into the system as prepaid.
- Multiple checks can be printed for an employee during one payroll run.
- Automatically calculates and prints the bank deposit check for FIT, FICA and MEDICARE.
- Can either print the check or update Accounts Payable for scheduled deductions, such as Friend of the Court, Credit Union, 401K, etc.
- Direct deposits are handled individually per employee.
- The Payroll is fully interfaced to General Ledger if desired.
- Detailed employee history, which includes a record for each check issued to an employee. The Check History Report can be used to assist the operator when a past employee files for unemployment.
- Month; Quarter; Year; and Life-To-Date totals are kept for each employee, as well as for the company as a whole.
- Automatic calculation of the amounts required for the MESC Employer’s Quarterly Contribution Report, FUTA Tax Deposit and Form 941-Employer’s Quarterly Federal Tax Return.
- The system will accumulate earnings and taxes and produce individual employee W-2’s.
- Each employee may have up to 99 pre-tax and after tax deductions by percentage or amount with maximum deduction and employer contributions.
- Each employee may have up to 99 types of pay, including salary straight time, overtime, double time, commissions, bonuses and vacation. The system can automatically calculate hours/earnings earned and track the amounts used.
Key Reports
EDIT REGISTER – Can be printed in detail by employee or with only department totals for quick reconciliation.
CHECK REGISTER – Details each check written for the pay period and includes year-to-date totals for each employee. The check register also shows month, quarter, and year-to-date company totals for ease of balancing.
DEPARTMENT REGISTER – Prints hours and earnings for the pay period in detail by employee or in summary by department worked.
DIRECT DEPOSIT REGISTER – Lists all employees who are paid through direct deposit for the period. The register includes name, bank account number, social security number, and mount deposited.
DEDUCTION REGISTER – Prints each scheduled deduction taken for the period by employee. This can be used as a transmittal sheet to a Bank, Credit Union, etc.
EMPLOYEE TO-DATE REPORTS – The quarter-to-date report lists all earnings and taxes withheld for the quarter by employee. The year-to-date reports lists all hours, earnings, taxes and deductions accumulated for the year. These reports can be run by employee or by department with department and division totals if desired.
DEPARTMENT TO-DATE REPORT – List, by department, all month-to-date earnings and year-to-date hours and earnings accumulated by type. Division totals can be printed if desired.
TAX REPORTS – A quarterly tax report details, by employee, total earnings for the quarter by state. A summary page is printed indicating total earnings and taxes withheld for the quarter and year-to-date. FICA, FUTA, and SUTA rates are used to calculate employer tax liability. W-2’s are printed for each state worked.
CHECK HISTORY REPORT – Details, by employee, each check issued during the time period entered at the beginning of the report. History can be printed for selected employees or for all.