Payroll Processing

Take the worry out of compliance and updating your tax tables. If you’re current on your WolfePak maintenance agreement, you’ll have access to the latest IRS and state requirements:

• Unlimited deduction and earnings codes
• Direct deposit/ACH — email employee check stubs
• Accrues sick and vacation time
• Prints third-party checks (child support, garnishments, etc.)
• Create pension extract files for company benefits administrator
• Send payroll expenses to departments or cost centers, or run through JIB
• Send payroll deductions to corresponding liability accounts
• Break out employees with multiple workers’ comp codes
• Pay per diem and employee-reimbursable items through payroll
• Create required new hire reports
• Generate reports for government quarterly reporting and record keeping
  • Wages paid report
  • Taxes deducted report
  • Unemployment reports
  • EEO reports
  • Verification of employment
  • State withholding
  • 401k deductions
  • Workers’ comp
  • Create 941 and state unemployment reports
• Generate IRS 940 at year-end
• Payroll system integrates with all your financial software through the WolfePak general ledger

Full ACA compliance for easier ACA reporting

The Payroll Processing module is fully ACA-compliant and supports ACA reporting. You can define your company’s specific insurance offerings to employees and automatically populate employee files with status changes (initial hire data, date insurance begins, termination, move to part-time status, etc.).

Optional add-on modules

• Intercompany Payroll — Lets corporations use a common “paymaster,” automatically creating G/L entries to record their expenses in multiple WolfePak companies
• Combined Reporting — Combines multiple payroll companies into one company for federal and state reporting purposes
• Payroll Time Entry
• Certified Payroll Reporting