Financials
Payroll Software Management
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For some companies, there's no substitute for having the control and flexibility of doing payroll in-house. But generating payroll in this way comes with a host of challenges: calculating federal and state taxes, including unemployment and other deductions; paying employees, either by check or direct deposit; making tax payments and filings; and W-2 tracking, processing, and printing.
NetSuite's software industry solution enables you to do payroll in-house easily, quickly and accurately. With NetSuite's Web-based payroll management, you can manage your payroll with complete confidence. Plus, you get the payback that comes from fewer calculation errors, reduced processing time, and less unauthorized leave and overtime.
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- Get the full control—and cost savings—of automating your payroll processes.
- Make rapid changes that are reflected instantly to give you an accurate view of the payroll company-wide.
- Payroll is integrated with the general ledger, ensuring that the general ledger is always current.
- Options such as direct deposit give employees more flexibility.
- All government obligations, withholdings and forms are managed directly within NetSuite, freeing up your time and resources for more vital tasks.
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- Pay employees for earnings, expenses, and commissions by either printing checks, or through direct deposit.
- Set up federal withholding, federal unemployment, Medicare, social security, and advance earning income credit with a click of a button.
- NetSuite maintains tax tables for all 50 states, plus Washington, D.C. and Puerto Rico.
- Create items for tracking deductions and company contributions, such as 401K, health insurance, or other dues.
- Generate a range of payroll reports, including check register, liability, payroll summary, payroll detail, as well as hours and earnings.
- NetSuite tracks information for several relevant federal forms (such as Forms W-2 and 941), taking the burden off you.
- Track all employees' sick and vacation time automatically.
- Provide your employees with access to the employee center, so they can track their time, enter expense reports, change addresses, update their W-4s, etc.
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