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Pay Periods Profile

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The Pay Periods Profile defines the frequency for paying employees and drives the pay dates for payroll.

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In Payroll and Tax

Play video Tax Reporting (United States)

Tax Reporting (United States)

After the proper amount of taxes are withheld for the employee and employer, it needs to be paid to the proper agencies. Federal income and insurance tax payments must be paid electronically through the electronic federal tax payment system.

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Play video General Ledger

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A general ledger is a journal containing accounting transactions related to a company’s assets, liabilities, equity, revenue, and expenses.

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Each year, businesses are legally required to report federal and jurisdictional payroll tax liabilities to the proper tax authorities. Payroll taxes are calculated based on the total compensation of each employee.

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Play video Earnings Overview

Earnings Overview

Earnings identify different types of employee compensation for services provided. Earnings can also include specific parameters such as accounting rules, tax laws, and reporting requirements.

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Play video Pay Statement Basics

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The pay statement, also known as a pay stub, includes the details of the employee’s pay for that pay period. Pay statement details help employees understand their pay and check for inaccuracies.

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