SuitePeople U.S. Payroll
SuitePeople U.S. Payroll is a full-service payroll solution. 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, SuitePeople U.S. 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-MISC).
SuitePeople U.S. Payroll includes the following features:
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Ability to create payroll batches
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Direct deposit
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All payroll filings and deposits handled for you electronically
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W-2 forms for permanent employees and 1099-MISC forms for contract employees are processed and filed for you electronically (W-2C forms are also available, where applicable)
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New employee registrations filed for you
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Service printed checks and stubs
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Service printed W-2s, 1099-MISC, and W-2Cs
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Integrated time tracking, commissions, and expense management
SuitePeople U.S. Payroll supports only U.S. federal, state, and local payroll taxes. If you use NetSuite OneWorld, you can run payroll for only U.S. subsidiaries that have unique Employer Identification Numbers (EIN). For more information, see Set up NetSuite OneWorld.
NetSuite provides the Paycheck Journal feature for partners' use in creating international payroll solutions. See Paycheck Journal Feature.
SuitePeople U.S. Payroll includes a “No Penalties Guarantee.” This guarantees your payroll taxes will be accurately filed and paid on time. This guarantee is based on you providing the correct information on time and having sufficient funds in your account. If your forms and payments are not accurately filed on time, NetSuite pays the resulting payroll tax penalties. See details in the Electronic Service Agreement.
For more information about how to set up and use SuitePeople U.S. Payroll, see the following topics: