benefits of the product | product attributes

PayMaster

PayMaster, an in-house payroll program, is currently used to prepare over 6 million payroll checks a year. PayMaster handles multi-state taxes, allows employees to have as many as six different jobs (titles) and correctly calculates overtime and related calculations for tipped employees. The IRS has approved the tip handling capabilities of the PayMaster system. The company has recently introduced the latest PayMaster version, PayMaster V8 and will be discontinuing PayMaster Classic, the prior version.

PayMaster is the right answer for your in-house payroll needs. PayMaster provides all of the standard features of payroll packages plus:

Makes automatic corrections to all returns and reports for any adjustments. including check voiding.
Allows job costing plus multi-location batch and individual data entry and check printing.
Calculates tips and overtime rates to three decimal places.

Interfaces to General Ledger, to and from Time & Attendance, and from HR.
Supports all deduction types.
Supports networks.

Prepares reports for all required goverment formats including mag media, scannable and special forms.

The new PayMaster version has several key benefits:

Greater reliability and stability
Modern MySQL Database reports can be run on any date range
Supports all Windows compatible hardware
32 bit technology runs on Windows 9X, NT, 2000 and Windows XP
ODBC-Compliant
Easy installation on stand-alone and network environment
Multi-user (up to 100) concurrent users
Integrates with popular POS (Point of Sale) systems
Unlimited jobs, deductions and additional incomes
Handles J1 Visa Tax Status

Benefits of the Product

Saves Time

PayMaster is easily installed and data entry for your payroll system is fast and effortless. It can also directly import all payroll information from compatible point-of-sale systems or from it's own PayMaster Plus time clock. The PayMaster system eliminates tedious hours spent making voids, corrections and additions. PayMaster can accomplish these tasks easily and quickly, so you can devote your time to other matters.

Saves Money

A good payroll service charges an average of about $2.00 per check. With PayMaster, you need invest only about 2.5 hours each week for a 500 employee payroll, even less if you are importing directly from a point of sale system, such as Digital Dining, Micros, or Aloha, or the PayMaster Plus time clock.

Gives You Control

Running your payroll in-house gives you the flexibility to do payroll whenever it is convenient for you, day or night, and print paychecks at any time. Bonus and vacation checks can be issued at your discretion with just a few quick key strokes.

Product Attributes

Tips - automatically handles:

credit card charge backs
tip allocation by hours or receipts
tip credit on regular and overtime hours
business tax credit on tips

Processing:

pinpoints calculations to three decimal points
tax tables available for all state and local governments
provides for unlimited additional income types and miscellaneous deductions
check printing for all types of printers in single or batch mode
makes adjustments such as voiding checks or running selected checks while automatically updating all files

Reporting:

prepares tax returns and reports in the required formats (hard copy, scannable, diskette or MagMedia)
maintains master files, unlimited check history and a complete audit trail
accommodates and tracks both organizational structures and multiple cost centers
general ledger interface with accrual figures for reversing entries

Paymaster V8 Detailed Features

Tax Returns & Reporting

Prints reports for tax credit for FICA taxes on tips.
Prints 941,940,FTD
Prints state unemployment reports on plain paper and pin-feed forms; W-2s on pin-feed, laser, or self-mailer forms.
Allows review of W-2s before year-end or before printing on actual W-2 forms.

True Multi-state reporting.

Supports Mag media, scannable reports and special formats.
Computes obligations and deductions based on wages, hours, or calendar weeks.
Accommodates employees who work in more that one state, eg SUTA
Accommodates employees who move from one state to another, eg withholding
Automatically assign correct state ID to mag-media or paper W-2s
Prints quarterly reports and allows adjustments for current or previous quarter.
Captures and reports worker's compensation information by category
Reconciles actual to calculated OASDI, Medicare, and SDI.
Prints form 8027--Annual Information Return of Tip Income and Allocated Tips

Tax Tables

Includes federal tax tables and up to 99 state/local tax tables that can be used for any of the 50 states and many municipalities. Also includes earned income credit (EIC) tax tables.
Makes available revised tax tables as often as the federal/stae tax laws change.
Can be defined/changed by the user or ordered on diskette from Computer Aid LLC.

General Ledger

Prints payroll transaction report. Prepares file to be brought into CharterHouse and selected other General Ledger programs
Supports expense allocations by department.
Breaks out direct and indirect labor.

Data Collection

Supports data collection through time clocks, smart cash registers, and batch manual entry with hash totals for data verifications. Interfaces available at additional cost for : Digital Dining. EAS. Kronos, Micros 2700, Micros 4700, NCR 22160, SDA and more.
Exports a LOTUS file.
Prepares time cards and address labels.

Pinpoint Calculations.

Calculates rates out to three decimal places.
Allows use of default earnings rate, per employee, for three postions and up to five additional incomes, plus vacation/holiday and sick
Features automatic pay option for salaried employees
Allows weekly, biweekly, semi-monthly or monthly pay period by employee, with option to change for individuals during processing.
Supports up to five pay rates per employee.
Supports piece rates, commissions, bonuses, travel time and shift differential.
Handles reported cash and charge tips, tip credit and tip allocation
Handles fringe benefits
Calculates 401 (k) tax requirements per state.
Accrues vacation and sick leave by the pay period or hour and tracks it as used
Recalculates overtime pay rate as you give non-discretionary bonus or commission
Allows different cost centers to be processed separately or together. Up to 50 divisions possible.
Calculates workers comp report.