IBS Payroll

The IBS Payroll System is designed to provide a comprehensive, yet easy to use Payroll Processing system.

Functional characteristics include:

• Multiple company support
• Hourly and/or salaried employees
• Supports multiple offices & departments
• Automatic interface to General Ledger (allows interfacing by worked office/department)
• Declining balance deductions
• Supports shift differential
• Supports IBS laser check format, pinfeed format and other formats
• Multiple state processing
• Check reconciliation processing
• Both system & user defined pay types
• Multiple levels of optional security
• Automatic Clearing House (ACH) Preparation
• Support for pre-tax deductions (eg. 401k, cafeteria plan)
• Employer FICA, FUTA, SUTA distributed by worked office/department
• User-maintained Federal, State and Local tax tables
• Inquiry into employee master data, earnings and deductions

Reporting available:

• Payroll earnings edits
• Payroll register
• QTD/YTD earnings register
• QTD/YTD deduction register
• Employee turnaround entry form
• Checks
• Quarterly FUTA, SUTA reports
• W2s
• Deduction report
• Check history report
• Selected activity reports
• Labor by office/department
• Labor by job
• Activity by General Ledger account
• Union report

Additional features:

• All pay types can be coded to the applicable statutory deductions, providing significant flexibility with various types of payment activity.
• General Ledger distributions can be generated based on worked office and department and interfaced to the appropriate cost center.
• Automatic computation of an overtime premium for weekly and/or biweekly employees is available.
• Pay cycle reporting is user controlled to determine which reports (if any) should be printed automatically.