Payroll Setup

SuitePeople U.S. Payroll is a full-service payroll solution for businesses or subsidiaries based in the United States. All earnings, taxes, deductions, and company contributions are automatically calculated using the latest tax data. This feature also provides federal forms W-2, 940, and 941 for printing and filing with the Internal Revenue Service (IRS).

In addition, Payroll provides federal, state, and local tax filing, tax payments, and direct deposits to employees' bank accounts. Other features include service-printed paychecks, vouchers, and year-end forms (W-2, W-2C, and 1099-NEC).

Implementing the Payroll Feature

To use NetSuite to process your payroll, you must enable and implement SuitePeople U.S. Payroll. Implementing Payroll requires the assistance of a SuitePeople U.S. Payroll Professional Services Consultant. As a part of the setup process, you will submit forms and contracts to your consultant. Contact your NetSuite account manager for details about implementing Payroll.

Important:

Implementing Payroll requires 45–60 business days. You must begin the implementation process a minimum of 60 business days before the intended first check date using the service.

For more information about the setup procedure for payroll, see Steps for Setting Up Payroll.

After you complete payroll setup tasks, you can generate payroll transactions in NetSuite. For more information, see Payroll Transactions.

NetSuite provides a number of reports and forms that you can use to track payroll data. For more information, see Payroll Reports and Workbooks.

Steps for Setting Up Payroll

Review the steps below to enable and set up the Payroll feature. You may have completed some of these steps when you first set up your NetSuite account, but you must enter additional information to process payroll.

The setup process includes the following:

1. Enabling Payroll

2. Entering Company Information for Payroll

3. Entering Workplace Records for Payroll

4. Updating Payroll Information

   Note:

   You repeatedly perform this step after you change workplace records, payroll preferences, payroll items, or employee records.

5. Payroll Preferences

6. Retirement Plan Setup

7. Payroll Items Setup

8. Payroll Setup for Employees

9. Running Test Payroll Batches

10. Setting up Year-To-Date Information From Your Previous Payroll System

11. Entering a Payroll Start Date

Related Topics

Payroll Transactions

Payroll Reports and Workbooks

Frequently Asked Questions: Payroll

SuitePeople U.S. Payroll

General Notices