Vermont Information Processing, Inc.

VIP

 

Vermont Information Processing

 
 
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Saturday May 17, 2008
Vermont Information Processing, Inc.      

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VIP Financials: Payroll


Payroll

Features
 
  • Supports:
    • Direct deposit
    • Up to 20 deductions per employee
    • Laser checks
    • Separate executive payroll
  • Print prelist so you can easily fill in the information for a pay period (hours worked, vacation, sick time, miscellaneous deductions or reimbursements, etc.).
  • System balance payroll information entered each period.
  • System computes payment for each employee.
  • Print employee checks or check vouchers for direct deposit employees.
  • Optionally print checks for submitting withholdings and deductions.
  • Automatically create journal entries for the general ledger at the time the checks are printed. You can optionally distribute wages, deductions, and FICA expenses by department. You proof the entries before actually posting them to the general ledger.
  • Print a variety of reports:
    • Payroll register for each period.
    • Depository statistics for a payroll.
    • Monthly and quarterly depository statistics.
    • Quarter-to-date and year-to-date earnings register.
  • Reconcile checks.
  • Print W-2 forms, including preparing magnetic media to submit to IRS.
    • Automated 401K printing on W-2 forms.
  • Print employee labels.
  • Search for employee number using Hunter search, including search by full or partial name.
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