Payroll teams are responsible for a wide variety of processes and tasks-each of which can be supported by Kronos payroll products.
In addition to being responsible for employee wages-the largest expense to any company-the payroll team continually looks for ways to streamline processes for greater efficiencies and monitor regulatory updates to stay compliant and minimize risk to the company.
In addition, the payroll department is responsible for additional processes that occur on a regular schedule throughout the year that are just as important to the health of the payroll department and company as the regularly scheduled payroll run. These include quarterly and annual tax returns, escheatment, bank and general ledger reconciliation, W2 annual processing, W2-C processing, prior quarter adjustments, internal/external reviews and audits. Having the right tools to support these processes can ease the anxiety for a payroll team.
Kronos payroll products can support the following tasks:
- Maintenance of employee data
- General ledger/payroll accounting setup
- Oversight and control of employee timekeeping
- Tax filing
- Third-party vendor payments
- Manual check processing
- Prior check adjustments
- Research requests
Download the General Payroll Process: Weekly Cycle brochure to learn more about how Kronos products can meet the needs of your payroll team easily and efficiently.