The Payroll module, which comes with the Starter Pack edition of Microsoft Dynamics GP, enables you to automate payroll processing, equip staff to handle complex payroll requirements, and offer better service to your employees while reducing necessary overhead costs. It is all the payroll management most small to mid-sized organizations require. However, if you are in need of advanced or specialized payroll management tools, Microsoft Dynamics GP also offers Payroll—Advanced with the Extended Human Resources and Payroll Pack.
The Advanced Payroll module is flexible and built to address complex payroll requirements, even those that may be unique to your organization. It gives you maximum efficiency and streamlined processing. You can enhance employee pay definition by calculating different pay rates per employee based on company, department, position, or shift. You can also automatically split employee costs.
The module also enables you to produce more accurate reports. Calculate accrued hours and earnings by calendar date. Just select accounting periods and pay runs, and verify your results before posting. Get more labor reporting capabilities. Multiple report formats provide breakdowns for employee and department data, including hours, FTEs, and earnings.
You can create journal entries and reversing entries for accrued payroll expenses. And you can automatically reverse entries in the next period after verifying that the accrual results are accurate. You can also post payroll hours to the general ledger. Post hours to assigned unit accounts for specific departments and positions, which gives you a quick and easy way to compare actual versus budgeted payroll hours.