Payroll for Pay Period
Payroll allows these functions to be performed:
- Generation of payroll transactions from both posted job transactions and records entered onto the Payroll Hours form.
- Updates to and addition of payroll transactions via the Payroll Log Hours for Pay Period form.
- Computation of taxes, withholdings, deductions, net pay, and Medicare amounts for each payroll transaction based upon the Employees and Payroll Parameters forms.
- Manual distribution of the payroll to various wage accounts.
- Printing of the checks and check register.
- Posting of the payroll transactions to the Employees, General Ledger Journal, and the Posted Payroll Transactions forms.
Note: Before running payroll processing you
must set up parameters in the Payroll Parameters form.