Features

Tips Processing Reporting Paymaster V8 Detailed Features Tax Returns & Reporting

True Multi-State Reporting Tax Tables General Ledger Data Collection Pinpoint Calculations

Tips

Automatically handles:

• credit card charge backs

• tip allocation by hours or receipts

• tip credit on regular and overtime hours

• business tax credit on tips

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Processing

• pinpoint calculations of up to three decimal points

• tax tables available for all state and local governments

• provides for unlimited additional income types and miscellaneous
  deductions

• check printing for all types of printers in single or batch
  mode

• makes adjustments such as voiding checks or running select
  checks while automatically updating all files

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Reporting

• prepares tax returns and reports in the required formats (hard
  copy, scannable or MagMedia)

• maintains detailed records, unlimited check history and a complete
  audit trail

• accommodates and tracks both organizational structures and
  multiple cost centers

• general ledger interface with accrual figures for reversing
  entries

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Paymaster V8 Detailed Features

Tax Returns & Reporting

• Prints reports for tax credit for FICA taxes on tips.

• Prints 941, 940, Federal Tax Deposits.

• Prints W-2s, state unemployment reports on plain paper.

• Allows review of W-2s before year-end or before printing.

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True Multi-State Reporting

• Supports Mag Media, scannable reports and special formats.

• Computes obligations and deductions based on wages, hours,
  or calendar weeks.

• Accommodates employees who work in more that one state, e.g.
  SUTA.

• Accommodates employees who move from one state to another,
  e.g. withholding.

• Automatically assigns correct state ID to Mag Media and paper
  W-2s.

• Prints quarterly reports and allows adjustments for current
  or previous quarter.

• Captures and reports workers’ compensation information by category.

• Reconciles actual to calculated OASDI, Medicare, and SDI.

• Prints form 8027 — Annual Information Return of Tip Income
  and Allocated Tips.

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Tax Tables

• Includes federal tax tables and state/local tax tables

• Makes available revised tax tables as often as the federal/state
  tax laws change.

• When changes occur the they are included in AutoUpdate. Can also be defined/changed by the user.

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General Ledger

• Prints payroll transaction report. Prepares file to be brought
  into CharterHouse and selected other General Ledger programs

• Supports expense allocations by department.

• Breaks out direct and indirect labor.

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Data Collection

• Supports data collection through time clocks, smart cash registers,
  and batch manual entry with hash totals for data verifications.
  Interfaces available at additional cost for: Digital Dining,
  EAS, Kronos, Micros 2700, Micros 4700, NCR 22160, SDA and more.

• Exports to a spreadsheet.

• Prepares time cards and address labels.

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Pinpoint
Calculations

• Calculates rates up to three decimal places.

• Allows use of default earnings rate, per employee, for many
  positions, additional incomes and deductions, plus vacation/holiday
  and sick.

• Features automatic pay option for salaried employees.

• Allows weekly, biweekly, semi-monthly or monthly pay period
  by employee, with option to change for individuals during processing.

• Supports many pay rates per employee.

• Supports piece rates, commissions, bonuses, travel time, and
  shift differential.

• Handles reported cash and charge tips, tip credit, and tip
  allocation.

• Handles fringe benefits.

• Calculates 401(k) tax requirements per state.

• Accrues vacation and sick leave by the pay period or hour and
  tracks it as used.

• Recalculates overtime pay rate as you give non-discretionary
  bonus or commission.

• Allows different cost centers to be processed separately or
  together.

• Calculates workers’ compensation report.

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