As a business owner, you need to have pay cycle information at your fingertips to make day-to-day decisions about your business. Fiducial provides you with these standard pay cycle reports to do just that:
Cash Flow Summary — This report provides a snapshot of your total payroll wages, total payroll taxes and total other deductions. This report enables you to make the correct journal entries to balance your accounting records. It also enables you to find out what your cash outlay obligations are for wages, taxes and other deductions so that you know how much you’ll need in your bank account to pay those items. For example, if your payroll date is on a Friday, we’ll make sure you get this report by the preceding Wednesday so you can make the appropriate banking arrangements in plenty of time.
Employee General Data Report — This report gives you a breakdown of each employee’s pay for the cycle, detailing each item: gross wages, withholdings, other deductions, etc. It’s very useful for answering questions employees might have about their pay because all the information you’ll need to help them is all in one place.
Employee Wage Detail Summary — This report shows you monthly, quarterly and year-to-date pay items for each employee. It’s very helpful for comparative purposes and for tracking trends in your labor costs, and to estimate future payroll costs.
Check Register — This report lists each paid employees and their total gross pay, total gross deductions, total gross withholding taxes and net pay for the pay cycle. It’s very useful in reconciling your bank statements — you can see at a glance what paychecks have been cashed and which are outstanding.
Earnings Statement — This is what each employee who has elected to have their pay directly deposited to their bank account instead of receiving a physical check receives each pay cycle. It is the equivalent of a “pay stub” and contains all relevant information about their gross pay, withholdings, deductions and net pay. At your request, we can put these in private envelopes* to make distribution to your employees easier for you.
Let one of our Fiducial business professionals help you put this information to use in your business. Locate the professional nearest you for expert advice and counseling by using our handy zip code locator at the top of every page on our website.
* Requires an additional charge. Please ask your personal representative for more information.