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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 payroll expenses 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 Continuous Enhancement Subscription Program for Payroll with State Tax Option, you'll receive updates to federal and state come tax tables.
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.
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