For many companies, the payroll process is mired in paper. But with NetSuite's employee management and payroll capabilities, companies can finally eliminate redundant data entry as well as needless paper shuffling.
Payroll with Direct Deposit: NetSuite's payroll capabilities handle salary, hourly pay, tipped and commissioned employee calculations. NetSuite also tracks sick and vacation time, and allows for flexible pay periods. Plus, it automatically calculates earnings and deductions (including tax-sheltered deductions such as 401Ks) by using integrated federal and state tax tables.
Payroll Integration: Integration with commission management, expense reporting and finances means that commissions and expenses can be added to paychecks with just one click. In addition, NetSuite posts pay runs automatically to the general ledger. Accounting departments can also print 940s, 941s and W-2s directly from NetSuite.
Employee Center: The Employee Center allows users to enter expense reports, billing items to jobs or customers—all remotely. Supervisors receive automatic alerts of reports that need approval. Also, companies can use the Employee Center to publish corporate news or messages to specific departments or individuals.
Purchase Request: Employees can more easily make purchase requests, which are then routed to supervisors for approval. Once approved, the accounting department converts purchase requests into purchase orders with just one click.
