Producing and distributing payments may be just one aspect of the entire payroll process, but to your employees, it means everything. We work with your payroll processor to get all payments made in a timely and efficient manner, based on a system customized to your needs for payment format, scheduling, or other specifics.
- Payroll checks
- Direct deposit and pay cards
- Tax filings
Like you, your employees have expenses that can’t wait to be paid just because a paycheck came in late. We schedule check preparation and mailing to make sure they arrive on time, in the right place, in the correct amount.
Direct deposit and pay cards.
Direct deposit and payment cards make things easier for you and for your employees. With funds transferred directly from your account to theirs, or from your account to a prepaid card, neither of you has to spend time or expense processing checks or going to the bank. We manage the process of getting direct deposit established and approved for your employees, and we see the payment through from electronic beginning to end.
Governmental regulations surrounding employer payroll tax can be confusing and ever shifting, and you don’t have to worry about it with our team of experts in charge of payroll tax filing and compliance. We’re able to avoid over- and under-deposits and late filing fees, to keep you from spending as much of your revenue on penalties as you do on paychecks.
Each payroll transaction is imaged and routed to you, securely and electronically, for approval. After all of the payments have been distributed, we provide a report with details of all of the transactions for your – and your employees’ – future reference, on demand and on a regular schedule tailored to your needs. We also maintain the reports on a secure server for easy and safe access when you need them.
Paying your employees isn’t an isolated task within your financial operations. GraphX manages all of the functions associated with employee compensation.
- Cash management
- Employee reports
Tracking transactions is key to accurate bookkeeping – and that includes payroll. Following paychecks from accounts payable all the way to the general ledger makes sure that your financial status is accurate up to the minute, whenever you might need to look. Audits, reviews, and annual reports become easy when all of your data is entered on a regular basis and stored in a single location.
As a recurring expense and an essential part of your business, payroll should have a prominent role in cash management and cash flow planning – both to make sure you’ll always have the liquid assets available to process their paychecks, and to project future opportunities to increase your workforce and expand your business.
Looking at the expenses and output associated with a given employee can help you decide where they belong in your organization. Maybe they’ve earned a raise or a bonus – or maybe they’re in need of counseling or training to get their work up to your standards.
Related Services from GraphX