Payroll Submission

We process each payroll as it comes in and often have it finished within minutes of receipt..

EMPLOYEE LISTING WORKSHEET

Please provide your fully completed Employee Listing Worksheet and have all the information summarized and ready for input to us as early as possible before the deadlines indicated in your Client Handbook and on the Delivery and Submission Deadlines page.

TIME AND ATTENDANCE

Once your pay period is finalized in TimeWorksPlus supervisors can then generate a summary report. Print, export or import summary reports into MasterLink™ instantly with one click. Payroll Masters is alerted when time is imported into MasterLink™. Call or email to verify receipt.

HOURLY EMPLOYEES

Employees paid by the hour can have up to six rates of pay permanently set in their employee file. This feature is very useful if an employee regularly works different jobs with different rates of pay associated with each job. We can also pay several custom rates, including piece rate.

SALARIED EMPLOYEES

A salaried employee’s hourly rate is automatically calculated by our system based on annual salary divided by 2080 working hours in a year for a full time employee who works 40 hours a week. *See Extra Payday.

EXTRA PAYDAY

Salaried employees who are paid weekly or bi-weekly will see an extra payday if their payday falls on January 1st or 2nd in the case of leap years.

In every year there is one day that occurs 53 times rather than the usual 52 (seven days times 52 weeks a year is 364 days, not 365). In a leap year there are two such days.

This means that salaried employees who are paid weekly will see 53 paydays, instead of the usual 52. Likewise, employees who are paid biweekly and who receive a check on one of the extra days will receive 27 paychecks in the year.

The extra pay period will leave companies deciding whether to reduce the amount salaried employees receive in each paycheck, or if they want to, give employees an extra week’s pay.

For example, if an employee earns $52,000 a year and is paid every other week — or 26 times during a typical year — that base salary is generally divided by 26, earning the employee $2,000 every two weeks. But that same employee will have 27 paychecks in any given year. So businesses can either divide the $52,000 base salary by 27, earning the employee $1,926 every two weeks, or continue paying the worker $2,000 every two weeks and absorb the extra cost. For a company with 50 salaried workers making $2,000 every two weeks, that adds up to an extra $100,000 in salaries for the year.

According to the American Payroll Association, under the Fair Labor Standards Act, it is legal to reduce a salaried employee’s income per check as long as the total yearly amount is paid and there was no agreement on the specific amount of the employee’s weekly or biweekly salary. But, most companies opt for keeping the weekly or biweekly paychecks the same and giving their employees an extra check.