Nextsoft’s Payroll solution will provide you with the benefit of handling many of your payroll requirements, such as: including all taxes and deductions, union payrolls, 401k and cafeteria plans, matching contributions, direct deposit, data collection via Time & Attendance, employee loans, automatic deposit calculations and a full complement of reports. This solution will receive hours, calculate salaries, and provide a preview that allows you to review checks before printing. After you proceed through the preview mode, Payroll will automatically make the appropriate updates to the General Ledger and Accounts payable systems. This solution maintains all year-to-date totals for deductions, loans, and wage information.
This payroll system is designed to handle a broad range of additions and deductions, such as: 401k and cafeteria plans, court orders, health insurance, loans, union dues, piece work, commissions and bonuses, and other non-hourly compensation types. Deductions can be customized by you to be charged as a flat fee, a percentage of pay, or an hourly rate. Additionally limits can be designated by dollar amount or percent of pay, to set a maximum. Furthermore, deductions can be setup as a recurring fee for each check or applied manually. Finally, Auto-remittance streamlines payments for court orders and 401ks by automatically generating a corresponding payable to the payee through the Accounts Payable system.
This solution tracks the hour types worked by an employee. Types are: regular, overtime, double time, holiday, vacation, sick and personal time, as well as any additional hour types you desire.
The Work Groups in the Payroll solution allow you to group employees into groups based on the type of work being performed. Work groups can be used to determine the rules used when calculation hours for round and overtime.
This product can withhold federal and state taxes automatically from your employee’s paychecks.
Since this product (like the others in Nextsoft) operate in real time, there are no end-or-year procedures needing to be ran. This allows you to quickly generate employee’s W-2’s and electronically submit them to the IRS if you so desire
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