Paycom Pay eliminates the tedious job of check reconciliation by issuing checks to your employees that clear off of a Paycom bank account.
Expense Management from Paycom eliminates the manual, paper-based processes associated with employee expense reimbursement. Employers can control expenses by setting clearly-defined parameters for employees with expense rules and categories as well as by monitoring expenses with a variety of expense management reports.
Employees enjoy the convenience of uploading receipts through Employee Self-Service when submitting their expenses. In their Expense Dashboard they can view the status of their submitted expenses. Payroll is automatically updated with the approved reimbursement amounts.
Expense Audit Report – Shows the disposition of each expense and the individual approver who took action on the expense during the approval process.
Transaction Reports – Paycom helps you reconcile expenses with this report. View all expense reimbursement transactions.
Approval Report – This report enable you to determine what expenses were approved, who approved them and the amounts approved.
Expense Classes Report – View all employees that have been assigned to an expense class.
Garnishment Management from Paycom can help you reduce your company’s liability regarding employee garnishments. Outsourcing these complex requirements mitigates the risk of penalties and lawsuits from employees and agencies and reduces your time and resources spent on answering garnishment questions and calculating and tracking garnishment payments.
Payroll Tax Management can help you limit your payroll tax responsibilities by handling your payroll taxes and deposits. Regardless of when you switch during the year, Paycom converts and balances all year-to-date totals. Paycom also takes responsibility for the 941 (even mid-quarter) and the 940 (even if Paycom doesn’t do your payroll all year) and your employees will only get one W-2.
Online Payroll Processing with Paycom is seamless. The system updates automatically to changes in employee information and offers other time saving functionality such as batch editing and effective dating. Audit trails and custom logins protect sensitive employee information. Anytime access to make changes, run payroll and generate reports provides not only convenience but peace-of-mind knowing you can do your job whenever and from wherever it’s necessary. Getting it right the first time is a Paycom priority and the Input Validation Report lets you verify payroll prior to processing. Your reports are ready quickly and you have the expertise of your dedicated specialist to call upon as needed.
Enhanced ACA from Paycom is the business solution for complying with the ever-changing complexities of the Affordable Care Act. You’ll receive the convenience of having all your ACA data in a real-time dashboard, plus:
If you can measure your payroll activity, you can manage it. Paycom helps you do just that with more insight into your information than any other provider. Our real-time Report Center offers the ability not only to report across all data stored in the system, but across multiple years and EINs, in a variety of formats, with the following types of payroll reports:
Expense Management and Advanced Report Writers allow you to create custom reports for a more comprehensive and graphical analysis of your activity.
Push Reporting lets you set up recurring reports once and schedule them to automatically be run and sent to specific users daily, weekly, monthly, quarterly or yearly.
ACA compliance has never been this simple or comprehensive. Paycom can handle your 1094 and 1095 reporting requirements.
Human capital management technology affects every aspect of your workforce. Make the best choice for your company with these tips from Paycom.