9.27 Processing Payroll using the Payroll Wizard

Related Articles 3.12 Payroll Setup in Company Settings 4.22 Payroll Setup for Your Employees

The Payroll processing wizard is found under the Tools Tab and is what will process your payroll based on the settings you have input into the Company Settings and on your Employees compensation information within their file.

Whether you process payroll twice a month, every week or once a month Tradepoint will pick up where you left off the last time you process payroll. The screen view you see below is the first screen after the introductory screen when you click on the Payroll wizard icon from the Tools tab.

Here you will specify:

1. The payroll account the funds will be taken from.
2. The payment type (these can be specified within the Setup and Customize Tool)
3. Whether or not you want the checks to be printed immediately after the payroll wizard is done. You will have another option to print checks independently from the wizard should you choose not to print checks directly.
4. Specify the printer that you will print checks from should you choose to do so directly from the wizard.
5. Click the 'Next' button when you are done.

The payroll wizard will calculate the payroll based on the Employee compensation settings and the deductions within company settings and you will be directed to the following screen below.

In this view the deductions for each Employee are expanded. Clicking on the plus icon on the far left next to each Employee name will open the deductions in the manner you see.

1. Check off each Employee to process their payroll.
2. Each Employee file can be expanded to see the deductions for the given pay period. Each one of these fields is editable with drop down calculators to edit withholdings.
3. Click the 'Next' button in the lower right to move to the next step.

This view shows the payroll reports that you will be able to print out for each Employee. These will Print out on separate sheets of paper.

You will have the option to move with the 'Back' button to the previous screen to edit any of the settings you see within the report. Clicking the 'Next' icon will complete the payroll process. If you have checked off the box for printing checks at the beginning of the payroll wizard then the payroll wizard will immediately start printing checks once you click the 'Next' icon from this screen.