Payroll Software

Payroll Software Features and Capabilities

Most vendors that offer payroll software include features such as:

• Employee salary calculation
• Automatically calculate deductions for withholding (eg state and federal tax, insurance, and retirement contributions)
• Direct deposit check processing
• Creating tax forms
• Integration with external payroll vendors
• Issuance of off-cycle checks or on-demand payments
• Maintaining payroll history for each employee
• Administration of benefit plans
• Managing retirement plans
• Payroll Tracking and Auditing
• Revision of salary of employees
• Running payroll balance and calculation reports
• Employee Self Service

Payroll Software Features and Capabilities

Most vendors that offer payroll software include features such as:

• Employee salary calculation
• Automatically calculate deductions for withholding (eg state and federal tax, insurance, and retirement contributions)
• Direct deposit check processing
• Creating tax forms
• Integration with external payroll vendors
• Issuance of off-cycle checks or on-demand payments
• Maintaining payroll history for each employee
• Administration of benefit plans
• Managing retirement plans
• Payroll Tracking and Auditing
• Revision of salary of employees
• Running payroll balance and calculation reports
• Employee Self Service