Payroll Bundle Products Flashcards

0
Q

What is a general ledger?

A

Allows user to import payroll-related general ledger directly into their accounting software, eliminating the need to input it by hand

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1
Q

What is Paychex SUI service ?

A

When a client signs a power of attorney and record of an address and all unemployment-related mail is directly sent to paychex

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2
Q

What is taxpay?

A

Paychex assumes responsibility for tracking, reporting, and paying a clients federal, state, and local payroll tax liabilities

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3
Q

What is check signing/check insertion?

A

This helps eliminates the time and effort that owners of small business would normally dedicate to signing individual paychecks

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4
Q

What is check logo services?

A

Clients can have their business logo display on their employees’ payroll check

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5
Q

What is readychex?

A

All paper payroll checks are drawn on a paychex bank account, enabling Paychex to perform check reconciliation for the client

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6
Q

What is SKYLIGHT ONE prepaid MasterCard?

A

Allows employees without a checking or savings account to participate and enjoy the benefits of direct deposits

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7
Q

What is the online hr library?

A

A comprehensive, web based library with key hr related information, news, and resources available to all clients on our payroll packages

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8
Q

What is report center?

A

A one stop shop for more than 140 standard, customizable and exportable reports

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9
Q

What is Paychex online?

A

A platform that offers clients an online way to manage their company, people and payroll

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10
Q

What is online payroll?

A

Allows core payroll clients to successfully access and report per-pay-period payroll information over the Internet

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11
Q

What are garnishment payment services?

A

Administers and automatically withholds and remits garnishment payments to the appropriate agency through electronic funds transfers where accepted and required

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12
Q

What is EAO? (Employee access online)

A

Enables clients’ employees to access Paychex online to view their forms w-2, check stubs, and personal & payroll information online

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13
Q

What are labor compliance poster kits?

A

Clients who use this service receives all relevant federal and state posters in one easy to use poster kit through the mail. They will receive a new kit any time there is an update to any new poster updates

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14
Q

What is payroll processing?

A

Calculates and produces payroll checks, reports, and tax returns for companies choosing to outsource the payroll function

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15
Q

What is direct deposit?

A

The process of electronically transferring net payroll earning through the automated cleaning house (ACH) network from the clients pre authorized payroll bank account into the employees’ pre authorized account