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Payroll
management made easy
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 payrollexpenses and employee productivity, as well
as control costs and review expense distribution.
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 Maintenance Program
for Payroll with State Tax Option, you'll receive updates to
federal and state income tax tables.
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You have the option of manually entering checks for employees.
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.
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- 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.
- The Department List provides a quick way to list the
departments you’ve set up.
- The employee e-mail address field allows you to
maintain e-mail addresses for contacting employees
electronically.
- The W-2 Name field allows you to specify exactly how
employee names will appear on W-2 forms.
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 Form
- Paycheck Received Report
- Pay Period Deduction Report
- Salary Review Report
- 401(k) Report
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