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What is Year-End?

1:52

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Year-end processing entails verifying company and employee configuration, evaluating your employee earnings, deductions .

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In Payroll and Tax

Play video General Ledger

General Ledger

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

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Play video Payroll Adjustments

Payroll Adjustments

Identifying the scenarios that require a payroll adjustment is an important part of payroll processing. Common scenarios include payments issued in error or payments not received, or payments received but a correction is needed.

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Play video Pay Groups

Pay Groups

Pay groups are assigned to a set of employees and define how they are paid. Pay groups determine pay frequency, pay schedule, and processing steps.

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Play video Deductions Overview

Deductions Overview

A deduction is a monetary amount subtracted from an employee’s taxable income that reduces the amount paid on a pay statement.

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Play video Tax Calculations (United States)

Tax Calculations (United States)

Payroll taxes are calculated based on the total compensation of each employee. Federal and State withholding taxes are based on the Form W-4 information for each employee.

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Play video Garnishments

Garnishments

An involuntary garnishment, sometimes called a wage attachment, is a legal process in which an amount is collected directly from an employee’s wages to satisfy an unpaid debt.

1:42

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