· Employee set-up (new employee tax details, pay rates, and bank information (W-4, I-9)
· Tracking hours (Import or manually enter hours from timesheets, including overtime
· Data input & processing (Run payroll and review paychecks for accuracy)
· Deductions & benefits (input health insurance, retirement contributions, etcetera)
· Reconciliation (reconcile to ensure the general ledger matches the bank statement)
· Tax filing preparation (review and prepare data for W-4/T4 at the end of the year)
Monthly service costs:
1-10 employees: $100 per month
More than 10 employees: $200 per month + $5 per employee
· Employee set-up (new employee tax details, pay rates, and bank information (W-4, I-9)
· Tracking hours (Import or manually enter hours from timesheets, including overtime
· Data input & processing (Run payroll and review paychecks for accuracy)
· Deductions & benefits (input health insurance, retirement contributions, etcetera)
· Reconciliation (reconcile to ensure the general ledger matches the bank statement)
· Tax filing preparation (review and prepare data for W-4/T4 at the end of the year)
Monthly service costs:
1-10 employees: $100 per month
More than 10 employees: $200 per month + $5 per employee