21st Century Accounting Help - Payroll

Features

·      Flexible Setup for Income, Deductions, Noncash Benefits, Accruals, and Taxes. Flexible setup options for employee pay factors such as salary, hourly wages, commissions, savings plans, benefits, deductions, accruals, accrual payouts, and taxes give you complete control over customizing Payroll according to your company's practices.
·      Automatic or After-the-Fact Processing. Process Payroll automatically and print paychecks from 21st Century Payroll or enter check information into your books from manual checks, from a Payroll service, or from any source outside 21st Century Accounting21st Century Payroll.
·      Automatic Transfer to Adagio Ledger. When you post Payroll transactions, 21st Century Payroll automatically transfers the general ledger account data to the Adagio Ledger database in the data path that you configured. You can also retransfer posted data at will. You can then retrieve and post the Payroll batch in Adagio.
·      Automatic Transfer to Adagio Job Cost. When you post Payroll transactions, 21st Century Payroll automatically transfers the JC job-related data to the Adagio Job Cost database in the data path that you configured. You can also retransfer posted data at will. You can then retrieve and post the Payroll batch in Adagio.
·      Timecards. You use Payroll/Timecards to enter the data from employee Timecards for processing by Calculate Payroll. You can enter hours worked, jobs or departments worked in, accrual hours taken – sick time for example -- and tips that your employees report. You can also enter pay amounts -- expense reimbursements, savings plan payouts, and bonuses, for example. You can use Timecards to distribute pay factors to as many G/L accounts as you wish.
Calculate Payroll will use information from the Timecards whose end date falls before or on the pay frequency end date. Timecard distributions override any other methods for posting distributions.
·      Recurring Timecards. Create and manage “templates” for a set of Recurring Timecards that you can then use over and over in the Timecards / Calculate Payroll / Print Payroll Register / Print Checks and post cycle.
·      Direct Deposit. If you purchased and installed 21st Century Payroll Direct Deposit, you'll be able to identify your Direct Deposit employees and enter their bank info. Then complete your Payroll run for all employees, distribute Direct Deposit check stubs to Direct Deposit employees, distribute printed paychecks (if any) to non-Direct Deposit employees, and send the Direct Deposit file to your Direct Deposit processor to complete the procedure.
·      Payroll Expense Tracking. Assign different general ledger accounts for every Payroll expense, if you wish, for close tracking of your costs of doing business.
·      Manual Earnings Distribution. You can distribute employee earnings to up to 10 general ledger accounts of your choice every pay period by percent of hours worked, by number of hours worked, or by amount of gross earnings. If the company is configured to departmentalize pay factors by G/L account segment, and an employee's factors are configured to post to the employee's departments, the system distributes nonearnings factors to departments in the same proportions as you distribute earnings.
·      Departmentalize Payroll Expenses and Liabilities by G/L Account Segment. Take advantage of the option to truly departmentalize if you want to automatically post each employee's Payroll expenses and liabilities, or expenses only, to accounts with segments that represent the employee's assigned departments or cost centers.
·      Void and Renumber Checks. Back out of the system posted checks that turn out to be invalid ¾ that are returned for insufficient funds or lost in the mail, for example. Renumber individual posted checks, including voided checks.
·      All Pay Frequencies. Select from among the following pay frequencies: weekly, biweekly, semimonthly, monthly, 22 per year, 13 per year, 10 per year, semiannually, annually.
·      Unlimited Pay Factors. Create an unlimited number of income types, deductions, accruals, noncash benefits, and user-defined taxes.
·      Unlimited Employee Pay Factor Assignment. Assign employees any type and any number of incomes, deductions, noncash benefits, accruals, and taxes. Employees aren't locked in to particular classifications that you can't control or change.
·      Tax Table Updates and System Defined Taxes. Subscribe to 21st Century Payroll Tax Updates for the latest federal and state payroll tax calculations. A Tax Table Update is provided for download from the website or mailed to customers on a CD every time a tax authority changes federal or state payroll income tax calculations or state unemployment insurance maximum taxable earnings or contribution percentages. (Or you can make limited calculation changes to state unemployment taxes that change frequently.)
·      User Defined Taxes. Define any number of Payroll taxes yourself to cover local payroll taxes. You control the calculation methods of user-defined taxes.
·      Employees Categories. Sort employees on reports by up to three categories that you define.
·      Electronic Filing. File W-2s electronically if you wish. If you use the Tax Form Kit, you can file the California DE 9C and Texas TWC reports electronically as well. They are filled in with data from your Payroll system and ready to submit.
·      Print W-2s on Plain Paper. No need to buy expensive preprinted forms and then hope that your employees’ W-2 information will print correctly in the spaces on the forms. Print forms and data from your Laser printer, if you wish, ready to send to the IRS.
·      Print 940, 941, 944, and California DE 9 and DE 9C on Plain Paper. If you use the Tax Form Kit, you can print these Forms on plain paper too. They are filled in with data from your Payroll system and ready to sign and submit.