Automating the processing and disbursement of employee payroll deductions using the INTERAC Payroll Deduction Management System: Assign each payroll deduction to the appropriate accounts payable vendor. Federal, state, and local taxes Insurance and benefits Garnishments and child support Payroll automatically consolidates all the deduction transactions and submits them to the assigned vendors in accounts payable. […]
If your company processes payroll for any employees working on government funded construction projects, the Davis-Bacon Act will almost certainly become a requirement for your payroll processing. It applies to contractors or subcontractors working on federally funded or assisted contracts in excess of $2,000. To be in compliance, it is important to know what the “prevailing […]
If you utilize technology, change is a given, so isn’t it better to embrace it and look for opportunities to improve your performance rather than getting stuck in a rut and missing out on all the enhancements that are coming your way? What are those things you keep saying “I wish my system could do….”? […]
You only need to experience the problems caused by check fraud once to appreciate the value of utilizing positive pay account reconcilement with your bank. Every year millions of dollars are stolen or embezzled from corporate America. One way the criminals accomplish their mission is by counterfeiting or changing valid checks that were written on […]
