How Payroll Works at YourSource
Payroll with YourSource is quite simple. We provide a worksheet that allows you to input the hours, commissions, and bonuses of your work-site employees.
Once YourSource has received the information we administer payroll as opposed to processing payroll. Once your payroll is input into our system, we fax over a check register, which is a report that shows a “mirror image” of the employees check stub. We do this as a measure of checks-and-balances. This allows you to have the opportunity to verify that everything appears correctly and provides a window for you to make any last minute changes. This procedure has proven to eliminate potential mistakes and prevents unnecessary issues. YourSource services include:
• Execution and Processing of payroll checks:
• Pay rate and hours clearly displayed
• Clear descriptions of earnings and deductions
• Current and year-to-date tax information
• Custom messages that can be printed on the checks
• Security checks to curb fraud
• Tracking vacation and sick time (Accumulators)
• Initiating direct deposit transactions
• Accumulating amounts for savings and defined contribution plans
• Processing management reports
• Paying garnishments (Friend of the Court)
• Compiling and simplifying invoices
• Electronic filing of quarterly and annual payroll taxes (EFTPS)
• Generation, filing, and mailing of W-2’s and W-3’s
• Filing 941 Forms (Quarterly Return)
• Filing 940 Forms (Annual Return)
• Filing State unemployment tax returns
• Reconciling checks
• Depositing other state and local tax obligations
• Processing tax liens
• Responding to employment and wage verifications
• Storing employee files and records
• Proper file maintenance (employment, workers’ compensation, medical, and immigration)
• Direct Deposit
• Time & Attendance |