Payroll
The MasterTrak© Payroll Processing application provides a tool to enable the preparation, management and control of the organization payroll.  This application
allows the user to maintain master records for employees, assign earnings and deductions to employees, enter time cards, process the payroll by pay period, print
a payroll register and print payroll checks.
The payroll application maintains a history by employee and pay ending date of all earnings and deductions.  In addition appropriate entries to the General Ledger
and Job Cost are made.  At the end of the month, quarter and year, reports on the status of employee’s tax, FICA, Unemployment and Workman’s compensation
can be printed.  Annuity and deduction records may also be established to allow for the reduction of taxable gross for 401K or cafeteria benefits programs.  
Accruals for vacation and sick time can be established by employee.



General Capabilities

   Unlimited earnings categories            Multiple rates                              Package rates by job
   Unlimited deductions                        Employer contributions                Job burden rates
   Tax Tables for Federal/State             Print Checks                               History by Employee, Check
   Link to Job Cost                              Non tax earnings supported          Print W-2’s
   Multiple pay periods open                 Manual check override                 Payroll Register
   Check Reconciliation                       Direct Deposit                             Recurring Time Entry


Master Files and Transaction Entry

   Employee                                        Earnings                                   Deductions
   Accruals                                         Annuities                                   Employee Earnings
   Employee Deductions                       Employee Annuities                    Employee Accruals
   State Insurance (Work Comp)          Time Entry Batches                    Manual Deduction Batches
   Manual Check Batches                     Expense/Advance Batches           Recurring Time Cards


Reports

   Payroll Register
   Certified Payroll Register
   MTD GL Distributions
   Transaction Journals
   Earnings Summary
   Deduction Summary
   Union Reporting
   Labor Summary by Job
   Monthly, Quarterly, year-end
   W-2 Audit and W-2’s