Payroll

In Payroll you process your company's payroll for all posted timesheets, or for timesheets posted within a particular date range, and then generate employee paychecks and direct deposits.

You can meet increasingly complex regulatory requirements, by defining taxable wages based on any withholding that you create. In addition, you can define how other pay wages impact a withholding calculation. You do this in Payroll Withholding Setup.

You also perform the following tasks in Payroll:

  • Process multiple payroll runs simultaneously.
  • Pay employees different rates based on the project or on effective dates.
  • Assign a default bank to use for all employees of a particular organization.
  • Produce payroll posting logs.
  • Process and print W-2 forms.
  • Print worksheets that help you fill out state unemployment insurance reports, quarterly state income tax reports, and federal Forms 940 and 941.
  • Set up a default bank for each organization, in Organization General Setup
  • Review the Payroll Posting log to see General Ledger accounts affected by posting a payroll run.
  • Review the Payroll Journal to see posting detail, including an employee's pay rate in effect at the time of posting, benefit hours, and direct deposit information.

To process payroll, DPS uses information from the Employees hub, the Projects hub, the Transaction Center, and Accounting Cost/Pay Rate tables.

Related Topics:

  • Basics
    Review guidelines about when to install Payroll, the accounts you'll need to use Payroll, and learn about appropriate check stock and templates.
  • Setting Up Payroll
    Settings in the Employees hub and in Accounting Settings impact the fields and options that you use in Payroll.
  • Payroll Processing
    When you process payroll, DPS creates a check for each employee or initiates a direct deposit, and recognizes the time posted for the period as being paid.
  • Payroll Direct Deposit
    After you configure DPS to use the Direct Deposit feature and process payroll, you can initiate direct deposits on any payroll run posted in the current period.
  • Posting Payroll and Printing Checks
    A processed payroll run is not recognized until it is posted. Once posted, DPS recognizes the payroll expense, the employer’s FICA expense, and the withholding amounts.
  • Export to Pay Interface
    Use this application to export DPS timesheet data to third-party applications, ADP, Paychex, or Ceridian Powerpay, for processing your payroll.
  • Form W-2 Processing
    Form W-2, Wage and Tax Statement, is used to report wages paid to employees and the taxes withheld from them.
  • Payroll Quarterly Processing
    Use Quarterly Processing to generate a valid quarterly electronic reporting file for U.S. state payroll taxes.
  • Payroll Reports
    Use payroll reports to organize, present, and monitor data related to your employees' pay, federal taxes, state taxes, and local income taxes. You generate the Direct Deposit report in Human Resources and the Payroll Journal in the Transaction Center. You generate the payroll reports in the Reporting application.
  • Tax Calculations and Methods
    Payroll comes with a set of built-in federal, state, and local tax tables used to calculate tax withholdings. Deltek provides three yearly payroll updates to these tax tables. Updates are typically sent in December, January, and July.
  • Tax Facts
    United States tax tables are available in DPS for federal taxes and for each state or commonwealth, as well as for several major localities.
Parent Topic: Human Resources