Payroll
Calculate and maintain payroll and labor distribution for hourly, salaried, commissioned and per-unit employees in an easy-to- use graphical Windows environment. Payroll includes direct deposit capabilities, and tax calculations for all 50 states, the District of Columbia and Puerto Rico.
Features:
- Calculates user-defined set of taxes for particular pay types such as different expense categories or taxing authorities
- Distributes salary amounts and hours to different jobs, departments, General
Ledger accounts or pay types (e.g., sick or vacation pay)
- Allows grouping of taxes into tax territories to handle employees who work in more than one state during a pay period
- Comes with pre-defined tokens, tax formulas and tables covering Federal and all State taxes that are user modifiable and can be automatically updated with Sage's tax subscription
- Allows for addition of user-defined taxes, tax formulas, tables and tokens which can be merged with Sage's tax updates
- Earned Income Credit is handled as a negative tax for qualified employees and is printed on pay stubs and W-2 forms
- Allows option to calculate taxes on the fly for verification during posting
Reports Workers' Compensation premiums owed based on rates, wages and hours
- Allows multiple user-defined deductions assigned to an employee and/or posting
- Allows virtually unlimited number of taxes to be withheld from an employee's pay
- Allows employers to match employee deductions such as 401(k) plans based on a percentage
- Includes WebPay for Payroll to activate direct deposit capabilities with National Payment Corporation (NPC), a national, bonded, bank-independent clearinghouse
- Support for as many as four bank accounts per employee for direct deposits
- Automatically posts sick and vacation expenses and liabilities to General
- Ledger during payment processing
- Offers selection of three check types in both multi-purpose and pre-printed check stock
- Links with Accounts Payable bank reconciliation
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