The Payroll module of EBMS is a very flexible and easy to use. The system works well for a small company with a few employees or a larger company with a variety of requirements such as complex deductions or pay types. The timecard system can handle hourly pay, salary, piecework, tips, commissions, and many other types of pay. Benefit pay such as vacation or holiday pay can be easily managed using the tools within the system. The EBMS payroll module is integrated with a variety of option modules such as the work order system (tasks), job costing, and electronic time clocks. EBMS allows payroll to be based on a weekly or biweekly basis. How often employees are paid is decided by the pay periods and pay dates used. Checks can be printed as often as needed.
The Payroll module of EBMS is fully integrated with the General Ledger module, making it very easy to have payroll information posted to the G/L as often as necessary. When Time Cards are entered and payments are made to employees, the transactions are posted to the G/L as increases in wages, payroll taxes, taxes payable, and as decreases in cash accounts. When the payment of the payroll taxes is posted as expense invoices or payroll journal entries taxes payable accounts are increased and cash is decreased.
EBMS can track vacation days, sick days, personal days, etc. for employees, as well as calculate the accumulation of such if the information is entered in the employee information window. This can help save time for the payroll personnel in calculating used and unused compensation days. This will be explained in more detail later.
EBMS has been designed to handle piecework and prevailing wage payroll needs as well. More information will be given on these issues in a separate section of this chapter. If your company does either of these types of payroll, be certain to read the corresponding section.
EBMS can handle many types of payroll deductions, both tax and other. The basic tax deductions that are standard will come already set up and will just need to be assigned to employees. Any other deductions or taxes will need to be set up and assigned to employees as needed. Taxes and other deductions will be discussed in a later section