Payroll

The TRAVERSE Payroll application helps you record hours worked by employees, calculate employee compensation, produce the necessary checks, and update your general ledger with all the information accumulated and generated during this process. It also uses the information you collect to produce the reports and forms required by federal and state laws.

Payroll operations consist of three phases: collecting information, processing information and reporting. You work through the three phases as part of the normal payroll cycle.

Use the Payroll application to automatically figure employee wages; federal, state, and local withholdings; and deductions. The Payroll system also tracks bonus pay and sick and vacation time and accumulates information for tax reporting. The Payroll system also produces paychecks, reports, and employee W-2 forms.

Codes Maintenance - Use to set up federal, state and local taxes; earning codes, deductions, exclusion codes, leave codes and status codes.

Setup and Maintenance - Use the Setup and Maintenance functions to set up Employees, tax and deduction Formulas and Tax Factor Prompts.

Daily Work - Use the Daily Work functions to enter and edit payroll transactions, produce the Time Ticket and Miscellaneous Deductions Journals, Copy Recurring Entries and Post Transactions.

Payday Work - Use the Payday Work functions to produce payroll checks, proof, print and post those checks, also produce the Leave Report, Paycheck Received Report, Withholding Report, Employer’s Tax Report, Pay Period Deduction Report, Department Expense Report and Void payroll Checks.

History Reports - Use to produce reports for department, transaction and check history.

Personnel Reports - Use the Personnel Reports functions to produce reports about employee Leave hours accumulated, Profit Sharing, Salary Reviews, Birthdays, work hire Anniversary, Personnel Rosters, Education and Key Dates.

Quarter/Year-End Reports - Use the Quarter/Year End Reports functions to produce the Earnings and Deductions Report, the Sick and Vacation Report, Withholding Report, the Employer’s Tax Report, State Unemployment Report, and to Prepare and produce W-2 Forms and Magnetic Media.

Periodic Processing - Use the Periodic Processing functions to Change Payroll Years, adjust Employee and Employer history, Purge and Clear Recurring Entries, Leave Hours and History.

Interactive Views - Use to view (not change) Employee and Employer payroll information and check history.

Master Lists - Use the Master Lists functions to produce lists of the Codes, IDs, Recurring Entries and Formulas you set up in the Codes Maintenance and Setup and Maintenance functions for the system to use for review or verification as well as archiving a hard copy of your system’s setup.

Calculate Withholdings - Explains how the TRAVERSE Payroll system makes federal withholding calculations.

About Formulas - Provides a summary of valid variables, operations, and functions used by the TRAVERSE Payroll system when calculating formula-based deductions, employer costs, local withholdings, and employer taxes.