Optimum Solutions Payroll Features

Payroll Features

Capabilities	Deductions
Multi company Multiple checks per employee Shift differentials Benefits can be: dollars percentages a flat amount per hour worked based on a percentage of a deduction based on group term life insurance in excess of $50K Multiple security levels 401(k) tracking Magnetic reporting Multiple general ledger interfaces User defined check stub description Employee level taxable status for each benefit Debit and credit accounts tracking Optional maximum benefit amounts YTD and LTD limits tracking	Up to 999 per employee User defined check stub description Arrears tracking and accumulation Deductions can be: dollars percentages based on hours worked a percentage of disposable income a percentage of base pay Employee-level taxable status by deduction Division/department allocation of deductions Third party check printing Optional maximum deduction amounts YTD amounts tracking Social insurance tracking (Canadian) Online TDI maintenance (Canadian)
Reports	Taxes and W2s
For a complete list, see Payroll Reports. Year-to-date earnings Workers compensation Turnover analysis Benefit statements Local distribution Earnings and hours by pay type Employee check history Job cost Federal quarterly income tax State quarterly income tax Local quarterly income tax State SUI	Federal and state tax tables with annual support Annual W2 updates T4 updates as required (Canadian) Optional purchase of W2 forms Local tax tables capability Earned income credit tracking Provincial income tax (Canadian) Direct Deposit Ability to handle direct deposit and traditional payroll simultaneously Multiple bank accounts per employee