|
Payroll/Human Resources
Dynamics NAV Payroll is fully
integrated with General Ledger,
Accounts Payable, Jobs and
Resources. Payroll lets you
maintain employee information,
write manual checks and print
reports, W2s, and other
government reports.
Payroll Control
This option lets you
determine what kind of
payroll information is kept,
how it is categorized, how
it appears on forms required
by the government and on
paychecks, and how it is
posted. All payroll
information tracked by
Dynamics NAV Financials is
kept using a payroll
control, whether it is hours
worked, pay earned, taxes
withheld, employer-paid
payroll taxes, weeks worked,
vacation earned or taken, or
net pay. This granule
provides you with advance
planning and data entry, and
a built-in history of
changes by tagging
frequently changed data with
effective dates.
Payroll Journal
This journal lets you make a
variety of payroll entries,
such as manual paychecks,
manual adjustments, and
computer-printed paychecks.
You can calculate paychecks
automatically, make
adjustments to calculated
paychecks, and then print
them. You can post your
payroll entries and print a
posting report while
posting.
Time Journal
The Time Journal lets you
enter hours and earnings for
employees who are split
based on job, department or
project. The journal can
then post these entries to
the job ledger - as often as
you like - and to the
Payroll Journal. You can
also set up separate time
journals so employees can
enter their hours, letting
them see only their personal
journal.
Accrual Journal
This journal lets you
calculate employer
liabilities based on
accumulated paid time off
(PTO) hours, and posts these
values to the general
ledger, reversing this entry
automatically the next day.
You can also make
payroll-related manual
adjustments to your general
ledger.
Other features let you post
employer liabilities to
accounts payable, update
jobs, departments, and
projects with the labor
burden, recalculate taxes to
adjust for rate changes,
account for rate changes, or
limit how much certain
balances can carry forward
from one year to the next.
Also included are reports
for internal reporting.
Since detailed ledgers of
all the elements of a
paycheck are maintained,
producing periodic reports
can be done at any time
without having to perform
closing processes. Through
the Documents option, you
can print forms and
documents, such as W2s and
941s.
Multi-State Payroll
Multi-State Payroll
functionality makes it
possible to set up multiple
states without having to
create numerous duplicate
payroll controls. You can
also enter employee earnings
information without having
to remember which of the
many earnings controls
corresponding to each state.
You can set up employee
live-in and work-in states,
for automatic handling of
the situation where these
are different. Set up
automatic split for work-in
states, where this is
possible. There is also the
same functionality for both
Localities and for Work
Types, as well as for
States. This will allow
easier calculations for
Workers Compensation.
Payroll Calculations
Payroll Calculations lets
you do automatic pay
calculations, including
salary & hourly and
vacations & sick time. It
will also perform automatic
deductions and
contributions, including
taxes & withholding,
insurance, 401K and Section
125, garnishments and loans.
Direct Deposit
The overall goal for the
direct deposit functionality
is to allow the user to
create a payroll run where a
portion or all of the
transactions that are
recorded are electronic in
nature. In other words,
rather than creating entries
in the payroll journal for
only checks, the user can
choose to create entries for
direct deposit as well. It
is also possible to create
split payments. In other
words, an employee can be
paid a portion as direct
deposit and a portion as a
check.
When the checks are printed
from the journal, a check
will be printed with the pay
distribution displayed on
the stub. This indicated how
much of the check is being
paid by direct deposit and
how much is paid by check.
The check payment amount
printed on the check body
will only include the amount
to be paid by check. If the
entire payment is made by
direct deposit, the check
body is marked as VOID.
From the payroll journal, a
file is created by exporting
the electronic transactions.
This file is in the standard
ACH format as defined by the
1997 ACH Rules book. This
file can then be transmitted
to the bank by using the
communications software
provided to the customer by
the bank.
|
