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Payroll System
Essential to every energy company, the Avatar Payroll System delivers all the capabilities to calculate and distribute payroll checks. Our payroll system has sophisticated features to allocate payroll costs to a very detailed level. It also integrates with our Accounting package allowing users to tie payroll data to their accounting information.
The Avatar Payroll System allocates payroll costs that are often unrecognized to the appropriate department. These expenses include FICA taxes, workers' compensation taxes, Medicare, and unemployment. Managers can track where all of their payroll dollars are allocated.
To meet federal regulatory requirements, the system offers a magnetic media filing capability for W-2 forms and 1099s. It generates a wide range of specialized state and federal tax reports. Our payroll system:
- Delivers integration for balancing and accrual data.
- Provides on-line inquiries for detailed monthly and year-to-date information at the employee and company levels
- Generates bills through our Accounting System's joint interest billing mechanism
- Withholds 401K data and records percentages for withholding data
- Supports before and after tax deductions, including federal taxes, FICA, Medicare, and state and local taxes
- Delivers earning history reports
©2003 Avatar Systems, Inc.
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