Payroll Parameters

Use this form to enter default values for use throughout Payroll. This form allows you to set up and track payroll periods, so that the employee payroll transactions can be automatically generated during each period.

This form contains variables necessary for submission of Magnetic Media Direct Deposit information to the national Automated Clearing House (ACH) Association. You can also maintain retirement plan contribution limits.

The Pay Period tab contains three pay period types for which parameters must be set up:

"Previous" indicates information for the previous pay period.
"Current" indicates information for the current pay period, which will be used to generate payroll.
"Next," which is optional, indicates information for the next pay period.

When you select Shift Pay Period from the Actions menu, the information in "Current" moves to "Previous" and the information in "Next" moves to "Current." If the record has changed, the system prompts you to update the record before shifting the periods.

You can also select Actions > Print/Post Payroll Checks.

Note: You can identify the steps you have completed in preparing the payroll for the period by looking at the check boxes at the bottom of the Pay Period tab. These check boxes (Sum Hrs, Calc Withholding, Print Checks, and Post G/L) are automatically selected by the system when certain activities are completed.