| 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
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
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