Reduce staffing costs and increase accuracy with a complete payroll management solution for your entire company.
How Payroll Management Can Work for You
Acumatica’s payroll provider integrates Acumatica with employee data to handle all payroll functions for your company (or multiple companies). Automate payroll functions, integrate with external payroll providers, accept employee time and attendance through timeclock or employee portal, manage tax filings, and more.
Key Benefits of Payroll Management for Your Company
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Automated payroll functions
Acumatica’s payroll processing system helps you reduce the amount of manual processes and duplicate data entry, saving time and reducing errors.
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Integration with external platforms
Integrate with third-party vendors and technology platforms, such as external payroll services, for complete flexibility for your company.
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Anywhere, anytime access
Self-service portals reduce paperwork and facilitate payroll functions. Employees can access their payroll information, enter time and attendance, and submit expense reports. Managers can review and approve employee requests.
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Reduced administrative costs
Reduce staff costs through automation and employee self-service portals.
Accounting standards are changing the way companies will be allowed to report revenue. The new revenue recognition guidelines, ASC 606 and IFRS 15 from the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB), fundamentally change the way businesses can recognize revenue from the delivery of goods and/or services over time.
Important Features of Payroll Management System
Payroll Management
Payroll Management provides a complete payroll solution for your entire company, including applicable deductions, earnings, and tax codes. Automatically generate paystubs and W2s for a single company or multiple companies. Save payroll data directly to an external payroll provider or print manual checks in-house. With payroll management you can synchronize data between your company and a payroll provider, including compensation, direct deposit, deductions, and taxes.
Time and Attendance
Allow employees to enter time using the employee portal, integration with a physical timeclock, or timesheets. Managers can review and approve time through the employee portal.
Federal and State Forms and Reporting
Prepare and file government reports which can be easily exported and uploaded to federal and state sites.
Expense Tracking
Track expenses and reimbursements with detailed reporting. Manage reports as a standalone module, or integrate with the Time & Attendance module.
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