Live Payroll Overview

Live payroll is our name for the process of entering earnings and having the computer calculate withholdings and deductions. Some people know the process as "Check writing" Payroll.

Industrial Strength Payroll has 3 ways for you to prepare live payroll:

Time Entry - a process whereby an operator enters hours and other earnings information for each employee.

Automatic - a hands-off process whereby each employee receives one standard pay based on the values of the first line in the Pay Rates and the Pay Method. It can also be thought of as a form of Standard Time Card. This is the fastest way to perform live payroll. However, it does not allow any changes until all of the employees are paid.

Import - a procedure that has Industrial Strength Payroll read information from an ASCII-coded file, then use this information to compute the paychecks. This is the preferred way to use information from Time Clocks and certain Time and Attendance software. As with Automatic, changes can be made only after all employees in the import file are processed.

Once the input and calculations are complete, it is possible to print paychecks or vouchers, and perform Direct Deposit.