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Payroll
The Petroware2000 Payroll Module accommodates all payroll
needs. It maintains employee records, calculates payroll
and payroll deductions, prints employee’s checks, prepares
payroll-related tax reports, generates entries to the General
Ledger accounts and prints payroll reports.
- Prepares payroll for any period:
daily, weekly, biweekly, semimonthly, quarterly, or annually.
- Calculates
federal and state income tax withhold, FICA, unemployment
taxes and workers’ compensation.
- Prepares reports
by department, if applicable or by company for any period,
i.e. monthly, quarterly, or annually.
- Accrues vacation and
sick leave and reports remaining entitlement on check stubs.
- Prepares
reports detailing data for Forms 940 and 941.
- Deducts pre-tax
contributions for 401(k) plans or employee cafeteria benefit
plans.
- Provides for user-defined pay types and deductions
and allows for additional user-defined federal income tax
(FIT)
withholding.
- Allocates labor costs and employer-paid taxes
to lease/wells to be joint billed.
- Offers a voided check
feature.
- Automatically calculates overtime, holiday pay,
and shift premiums.
- Processes direct-deposit payroll without
printing checks.
- Maintains personnel records including hire
dates, pay-rate increases, and time spent and time remaining
for vacation
and sick leave.
- Calculates tax withheld for multiple states.
- Prints W-2’s
and 1099’s.
- Allows the user to allocate payroll and
expenses to leases and/or wells.
©2003 Avatar Systems, Inc.
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