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What is PY Payroll?

A vast array of payment options exists, including regular, hourly, salary, and overtime rates, each defined by specific start and end dates. Payment configurations can be tailored to fit designated limits, taking into account pay periods and year-to-date (YTD) calculations. Employees are permitted to have an unlimited number of deductions, which can be scheduled monthly, annually, per pay period, or quarterly, while also ensuring compliance with limits related to pay periods, YTD, and lifetime deductions (LTD). The system efficiently calculates and collects any owed arrears, and users can take advantage of direct deposit for these deductions. Retirement plans like employer-sponsored 401K and 403B options are fully integrated, with adherence to all federal, state, and local tax requirements, including deductions for Social Security and Medicare. Additionally, the platform systematically manages calculations for FUTA and state unemployment taxes. A table-driven framework is utilized to monitor entitlement accruals for vacation days, holidays, floaters, and other approved leaves, with automatic enrollment for eligible employees based on criteria such as seniority or hire date. An exhaustive audit trail captures all accrued benefits along with the time associated with LTD. Moreover, all benefit plans, including medical, dental, and insurance, are designed through a table-driven approach, ensuring that employer contributions are accurately calculated and reported. This thorough framework not only provides clarity regarding financial responsibilities but also fosters transparency in entitlements for both employees and employers. Ultimately, this level of organization enhances workplace satisfaction and trust in the payroll process.

What is FRIDAY?

FRIDAY is a cloud-based platform tailored for small businesses, facilitating payroll and team management in a streamlined manner. It simplifies the processing of both regular and off-cycle payrolls, allowing for direct deposits or the issuance of paper checks to employees and contractors, while also managing essential financial elements such as bonuses, commissions, deductions, reimbursements, overtime, and unique earnings. The platform takes care of automating the calculation and filing of payroll taxes at federal, state, and local levels, along with generating critical tax documents like W-2 and 1099 forms. Moreover, FRIDAY encompasses features for onboarding new employees, securely collecting documents, providing pay stubs, and maintaining employee records, all of which can be accessed through convenient web and mobile applications. Employees enjoy versatile clock-in methods using mobile devices, desktops, or tablet kiosks, with options for GPS tracking, clock-in photos, or facial recognition for enhanced accuracy. Employers can effectively manage timecards, track overtime, monitor paid time off, oversee accruals, facilitate approval processes, and enhance team communication within a single platform. Additionally, FRIDAY integrates smoothly with QuickBooks, offering accountants and bookkeepers a dedicated portal to manage multiple clients, generate detailed reports, manage filings, and prepare year-end documentation, thereby ensuring thorough support for financial operations. This combination of features positions FRIDAY as an essential resource for small businesses aiming to enhance their payroll and team management efficiency, ultimately contributing to their overall growth and success.

Media

Media

No images available

Integrations Supported

Integrations Supported

QuickBooks Online

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided
Free Trial Offered?

Supported Platforms

Windows

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
On-Site Training

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

EmpowerFinancials

Company Location

United States

Company Website

www.empowerfin.com

Company Facts

Organization Name

FRIDAY

Date Founded

2022

Company Location

United States

Company Website

fridayapp.com

Categories and Features

Payroll

401(k) Tracking
Benefits Management
Check Printing
Deductions Management
Direct Deposit
Reporting/Analytics
W-2 and 1099 Preparation

Categories and Features

Payroll

Not specified

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