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PAYROLL
There is more to processing payroll than printing checks.
You need to maintain detailed records with clear audit trails, track sick and
vacation days, keep up to date with tax law changes, and meet government reporting
requirements. OPEN SYSTEMS® Accounting Software (OSAS) Payroll application
can handle it all. It also enables you to analyze payroll expenses and employee
productivity, as well as control costs and review expense distribution.
Make sound management decisions, keep current with government
requirements and tax law changes, and save time
You can produce detailed reports to help you plan and generate a budget. Manage your
expenses efficiently by tracking FUTA, SUI, Medicare, and Social Security, as well as
earnings by department. You decide whether to calculate scheduled deductions as a fixed
amount, a percentage of gross pay, an hourly rate, or a declining balance.
You can easily produce W-2s—printed on forms, mailers, or stored on magnetic media to
meet federal requirements. When you subscribe to the Open Systems Software Fitness
Program (SFP) for Payroll with State Tax Option, you'll receive updates to federal
and state income tax tables and to the Payroll application itself.
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OSAS Payroll Offers Choices and Flexibility With These Key Features:
- You'll have total flexibility in setting up your payroll. Define pay codes
for regular, overtime, double-time, sick, vacation time, or any other payment
method for hourly employees. 999 user-definable deductions are allowed per company,
as well as taxable and/or nontaxable earnings codes, and an option for fixed federal,
state, and local withholdings.
- Store monthly employee history on earnings, deductions, and withholdings for
use in reports required by some states.
- You'll be able to produce accurate unemployment reports with weeks worked
calculation.
- Allow multiple tax rates per employee and per company, and also multiple states
and multiple localities for both employee and employer withholdings. Define up to
fifteen different tax codes such as worker's compensation, SDI, and L & I.
- You'll be able to track vacation and sick time hours by letting the system
automatically accrue them for each employee. A complete audit trail answers employee
questions about this important accrual.
- You can process the new year's payroll before you print W-2s for the old year.
The Year End Maintenance function creates last-year data files.
- It will be easy for you to set up state and local taxes by using formula-based
tax routines. Use formulas to define state-specific taxes such as workers'
compensation, SDI, and L & I.
- You'll save time when calculating multiple checks per employee per payroll
run. You only need to calculate, print, and post checks once.
- Void information out of history if a check is lost simply by entering the check
number. All earnings, taxes, and postings will be revised. You can then put the
check in the checks file and recreate it if you wish.
- You can set up an unlimited number of earnings codes, including overtime rates
and shift differentials.
- Track four quarters of history on payroll checks, and monthly and quarterly
check registers can be produced.
- You'll appreciate flexible state unemployment reporting, which helps you to
conform to changing state reporting requirements and the reporting differences
between states.
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Payroll Reports
- Time Ticket Journal
- Miscellaneous Payroll Journal
- Edit Register
- Check Register
- Withholding Report
- Employer's Tax Report
- Transaction History Report
- Check History Report
- Department Report
- Quarterly Employer's Tax Report
- Employer's Liability Report
- Sick Leave and Vacation Report
- Quarterly Withholding Report
- Quarterly State Unemployment Tax Report
- 941 Form
- W-2 Report
- Paycheck Received Report
- Pay Period Deduction Report
- Salary Review Report
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