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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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