Financial Management
Payroll Management
Reduce staffing costs and increase accuracy with Acumatica Financial Management Payroll.
Streamline payroll and simplify reporting with Acumatica Payroll
Streamline payroll setup, processing, and reporting, and reduce data entry. Increase the accuracy of data by automatically pulling time entry data into the payroll system. With Acumatica Payroll, eliminate the cost and complexity of maintaining an external payroll system and benefit from time flowing seamlessly across financials, project accounting, business intelligence, distribution, manufacturing, construction, and field service
Key benefits of Acumatica Financial Management Payroll Management
Crew Time Entry
Construction and service companies have crews which work similar hours. Entering work hours by the team reduces the order entry time and errors.
Import Time to Batches
Save time and improve efficiency by importing time directly into Payroll Batches. This helps eliminate the need for an import scenario or the use of Time Management.
Paid Time Off Options
PTO Banks includes the ability to run negative balances, set individual employee accrual start dates, and specify how carryover hours are used.
Process payroll anywhere
Quickly set up, modify, and report on payroll from anywhere, using any popular web browser.
Streamline government taxes
Get timely, accurate updates to all federal, FICA, SWH, and local taxes—all hosted on Acumatica’s web tax service with no need for manual downloads.
Accelerate decision making
Use out-of-the-box reporting and inquiry screens to access and analyze payroll information easily.
Important Features of Acumatica Financial Management Payroll Managament
Set up multiple pay groups and process different pay period schedules (such as weekly, bi-weekly, or semi-monthly) and include different deductions and benefits depending on the specific group and period.
Increase security by using User Roles within Pay Groups to achieve segmented views and access across an organization.
Automate the processing of final (settlement) paychecks for exiting employees, including remaining PTO pay and then deactivate the employee’s account.
Set defaults that will apply at the time of employee setup.
These defaults include hours worked per week and year, location, WC Code and PTO accrual.
An outside service provides tax rates at no additional cost.
This ensures that the tax tables will always be up to date with federal, state, and local taxes.
- Payroll attributes track specific items for a specific state or location, such as information for ACA or W-2s.
- This gives significant flexibility about what can be tracked for each state and locality.
- Add company-specific attributes.
Earning type codes are easy to define.
Unlike with other systems, hundreds of pay codes aren’t needed — just use a few easy-to-remember earnings codes.
Easily configure a list of overtime rules to be applied automatically to employees’ checks.
Set daily or weekly rules, and use the state, project, or union as additional parameters.
Track employee deductions as well as the portion the organization paid.
If the deduction and the benefit are related to each other, enter the information once for both the deduction and the benefit.
Manage benefits easily.
Automatically stop calculating Workers Compensation when the wage limit is reached.
- Use multiple reports right out of the box, and review payroll data quickly through inquiry screens.
- Get anytime, anywhere access from a computer or mobile device.
