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When people are your
most valued resource, payroll costs quickly
add up.FundWare helps keep those
costs in line with efficient payroll
processing – payroll processing
that understands your need to perform
and report on complex labor distributions
to demonstrate accountability to funding
sources.
FundWare’s Payroll
module responds to not-for-profits and governments
need for a comprehensive system that easily
conforms to match specific needs. With the
Payroll module you can allocate expenses
across multiple departments, projects or
grants, and track employee benefits such
as non-taxable retirement programs, cafeteria
plans and deferred compensation. You’ll
save time processing multiple payment types
(hourly, salary, overtime) in a single check
run and save money by processing payroll
checks in house.
Complex Labor Distribution FundWare Payroll meets mission-based organizations demand for detailed
cost accounting and the ability to distribute costs to grants, programs,
activities, and departments. The module makes it easy to distribute employee
labor any way – and as many ways – as needed using:
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Cost codes for employees who work on
various projects for varying amounts
of hours.
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Distribution tables for multiple employees
who share the same labor distribution.
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Departmentalization showing how salary
or hours are prorated for each employee.
-
Classification for employees paid on
a grade/step scale.
Customization for Your Unique
Benefits and Deductions
The Payroll module offers the powerful flexibility to define taxes, benefits
and deductions according to your specific requirements. Deduction customization
options include:
- Calculation timing based
on pre-tax or after-tax implications.
- Payroll cycles such as first
of the month, mid-month, every two weeks,
etc.
- Employee-specific deduction
amounts such as a donation matching contribution
or court-imposed garnishment.
- Threshold logic to verify
a minimum/maximum has not been met such
as “leave taken does not exceed accrued
leave.
Automatic Employer Cost
Allocations
To determine true project costs, you need to accurately distribute employer
costs (also known as fringe).FundWare enables you to allocate employer
payroll costs based on how the employee’s salary is charged – a
method that is much more simple and accurate that estimating fringe costs based
on an overhead rate.
Payroll Checks Made Easy
-
with FundWare Payroll,
preprinted check stock will be a thing
of the past. Start with blank stock and
incorporate graphics and Magnetic Ink
Character Recognition (MICR) encryption.
You can also define which employee benefits
and deductions – such as year-to-date
totals or available vacation – should
appear on the check stubs.
-
Our Payroll module processes
checks and electronic funds transfer
(EFT) payments in a single step and users
can designate the processing period (bi-weekly,
monthly, etc.).
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FundWare’s
Payroll module also interfaces with the FundWare Accounts Payable module
(sold separately), allowing payroll liabilities
such as garnishments and insurance premiums
to be recorded as outstanding obligations
for the appropriate vendor.
Robust Reporting
Payroll provides all required reporting templates such as W-2s, 941 quarterly
tax preparation and more. In addition, you’ll find 20 report templates
to get any piece of custom information you may need. And, with drag and drop
functionality,FundWare Payroll reports are easy to use. For audit
purposes, users may create a registry of detailed entries for each benefit
identified during payroll processing.
Additional Functionality
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Customization – Additional customization
options include the ability to choose
what information you want to track about
employees, per employee and create grouping
folders such as “Active,” “Leave,” or “Terminated.” System
users may also choose their own column
order preferences and designate most
frequently used fields to match the way
they work.
-
Security – Data can be secured
by user to determine if the user has
viewing access to employee records and/or
timesheets for employees in their Security
Group (sold separately).
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