Payroll Software – Payroll Deductions
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Payroll Mate supports different types of payroll deductions. You can create any number of fully customizable deduction categories, so the software fits your exact payroll requirements.
Built-In Payroll Deductions
When you create a company, Payroll Mate automatically adds a number of built-in payroll deduction categories, including 401(k) contribution and health insurance. You can also define an unlimited number of custom deduction types.
Examples of Payroll Deductions You Can Create
- Deferred compensation plans
- Flexible spending plans
- Union dues
- Medical expense plans
- Parking fees
- Charity
- Savings bonds
- 401(a) plans
- Auto insurance
- Employee stock purchase plans
How to Add a New Payroll Deduction
- Click the Company button in the navigation pane.
- Select the Deduction Categories tab.
- Click Add to add a new payroll deduction.
- Fill in the Title, Abbreviation, Rate and Cutoff.
- Set the W-2 options. For example, if the deduction is for dependent care benefits, check Use on Box 10.
- Specify which taxes this deduction is exempt from.
- Click OK.
With other payroll software you are often limited to a set number of preconfigured deductions. With Payroll Mate, you can define any type of deduction quickly and easily.
Payroll Mate® Payroll Software
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