Payroll With Fund Accounting
Having a payroll system that obeys fund accounting principles is essential to the church’s operation! IconCMO Payroll module reduces operational costs for organizations by preparing the payroll checks and assisting in the payment of the payroll liabilities to the government and other agencies. Since it is linked to a true fund accounting package, there is no need for duplicate entry plus entries will be automatically posted to the correct accounting fund.
The ability to enter tax formulas is built into the system, eliminating the need to subscribe to expensive add-on payroll tax services. All of these benefits result in a high-value, low-cost payroll solution for your organization.
Why Use IconCMO Payroll Solution?
Icon Payroll allows for an unlimited number of employees, employee deductions, etc.
Quick Payments to Taxing Authorities
The system maintains all the payroll liability accounts and provides a special tax payment form whereby checks can be printed to the various government agencies.
Obeys Fund Accounting Guidelines
All activity is tracked using fund accounting guidelines, assuring you that your financials will be accurate as you prepare your financial reports.
Automatic tax calculations for federal and state taxes.
Customize Pastor Salaries
The church can customize their withholding(s) in additional to the automatic tax withholding(s) when necessary.
Electronically file W-2’s for your employees. Take the headaches out of end of year reporting.