taxes, garnishments and child support, oh my!

5
Positive Pay If you have experienced check fraud, you appreciate the value of positive pay account reconcilement. Taxes, Garnishments, and Child Support Oh My! Automate the processing and disbursement of employee payroll deductions using the INTERAC Payroll Deduction Management System

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Page 1: Taxes, Garnishments and Child Support, Oh My!

Positive PayIf you have experienced check fraud, you appreciate the value of

positive pay account reconcilement.

Taxes, Garnishments,and Child Support

Oh My!Automate the processing and disbursement of

employee payroll deductions using the INTERAC Payroll Deduction Management System

Page 2: Taxes, Garnishments and Child Support, Oh My!

Integrated with Accounts PayableAssign each payroll deduction to the appropriate accounts payable vendor.• Federal, state, and local taxes• Insurance and benefits• Garnishments and child support

Page 3: Taxes, Garnishments and Child Support, Oh My!

Automatic ConsolidationPayroll automatically consolidates all the deduction transactions and submits them to the assigned vendors in accounts payable.• Common deductions may be assigned to all employees. • Unique deductions may be assigned to individual employees, as

needed.• Many deductions can be set to calculate automatically, not requiring

any further data entry during the payroll process.

Page 4: Taxes, Garnishments and Child Support, Oh My!

Positive PayUtilize the typical accounts payable process to disburse the payments to each vendor.• Utilize direct deposit with vendors to further automate the process.• The Document Management System will automatically store a copy of

the check or direct deposit statement in the vendor file.• Accounts Payable will also generate the standard direct deposit file for

Electronic Child Support Payment for upload.