Payroll Processing

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 for each 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 Employee Check History

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 Register

MTD GL Distributions Transaction Journals

Earnings Summary Deduction Summary

Union Reporting Labor Summary by Job

Monthly Report Quarterly Report

Year End Report W-2 Audit and W-2’s

Employee Check History