Accounting and Financials
Employee Management & Payroll
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For many companies, the payroll process is mired in paper. That's why more ecommerce businesses are seeking software solutions that reduce the cost of storing, filing, retrieving, updating and purging their paper-based HR documents. Moreover, ecommerce companies want to give their employees self-service options to sign up for direct deposit, check their withholdings, or even read company news.
Using NetSuite, companies can finally eliminate needless paper shuffling and reduce data entry errors. Through the Employee Centre, you can also give your workforce more power through self-service. Employees can sign up for 401K programs, check their vacation balance, or even track the status of an expense check online.
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- Automate and manage all payroll and personnel-related functions through one, powerful and integrated application.
- Offer employees self-service capabilities anytime and anywhere through the 24/7 Employee Centre.
- Provide managers and executives HR-related data to help them make timely, informed decisions.
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- Automated payroll capabilities handle salary, hourly pay, tipped and commissioned employee calculations. NetSuite also tracks sick and vacation time, and allows for flexible pay periods.
- Calculate earnings and deductions automatically (including tax-sheltered deductions such as 401Ks) by using integrated federal and state tax tables.
- The Employee Centre allows users to enter expense reports and bill items to jobs or customers—all remotely, anytime and anywhere. Supervisors receive automatic alerts of reports that need approval.
- Use the Employee Centre to publish corporate news or messages to specific departments or individuals.
- NetSuite stores all employee information in a comprehensive employee record. Each record includes employee contact information, hire date, subsequent review date, department and supervisor names, salary, withholdings, deductions, and sick and vacation day accruals. You can also store confidential data, such as performance reviews, payroll details, and employees' emergency contacts.
- Add expenses to payroll checks with just one click. NetSuite posts pay runs automatically to the general ledger.
- Print 940s, 941s and W-2s directly from the NetSuite application.
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