ERP Software Logo1

Microsoft Dynamics vendors provide comparisons and opinions to professionals in the ERP/Accounting software selection process

 
 

Integrity Data

Payroll Corrections Made Easy – Yes, Really!


Email | Print

Occasionally you may experience special payroll situations that require negative deductions or negative transactions.  Employees’ leave and health insurance premiums need to be reversed, or a previous deduction needs adjusting.  Payroll doesn’t always go as smoothly as it should and making these corrections can eat up a big portion of your day.

The simple fact of the matter is that mistakes happen and situations change.  An employee who had received approval for a vacation day may have come in to work to complete a hot project.  As a result, the scheduled 8 hours vacation time has to be backed out and put back in his vacation bank.  Many accounting and enterprise resource planning (ERP) solutions, including Microsoft Dynamics® GP, require your team to complete many steps to make these corrections, which costs valuable time.  The good news is that you can save time when making these inevitable corrections with Negative Payroll Transactions and Negative Deductions Enhancement by Integrity Data.

Squaring up employee paid earnings is of critical importance but can be time-consuming.  Negative Payroll Transactions offers greater flexibility with adjusting payroll amounts.  You simply enter negative pay code transactions in the transaction entry window.  1 step instead of the 17 steps you currently need to do in GP Payroll! The correction is automatically carried through general ledger entries and shows up on the next paystub or earning statement.  Since the transactions permeate the entire financial posting process, you save time by not entering the data repeatedly, which can introduce mistakes. Now all of your financial reports are balanced and up-to-date.

Automate manual check creation and posting with the Negative Deductions Enhancement add-on solution.  You have the option to choose between processing a negative deduction based on current functionality or convert the negative deduction to a pay code transaction.  The software then creates a manual check to reverse or adjust the distributions appropriately after payroll processing.  You also have a choice to perform a negative deduction batch for imported or multiple transactions, or execute a normal batch for a small number of transactions or certain exceptions.

Payroll isn’t always as easy of a task as it could be, but you can make it easier with the right technology.  Save valuable time when making payroll corrections with the solutions offered by Integrity Data.  Contact the experts at Integrity Data to discuss these and other time-saving solutions that can make payroll corrections easier.

By Integrity Data, a Microsoft Dynamics GP ISV out of Illinois

One Response to “Payroll Corrections Made Easy – Yes, Really!”

  1. Payroll says:

    Great information about Payroll, i was searching such articles since long time , Today’s I found it finally and i am very happy reading your articles, i would like to big thanks for sharing such excellent information for us. I will come back again on your website for gathering such info for improvement our skills and knowledge .Thanks .