QuickBooks Interface is another great product Source 5 offers our customers. Our step-by-step wizard guides employers through setting up your company's payroll and ledger for the first time. With the Online Employer General Ledger, accountants have access to necessary information to keep accurate books. The possibility of recording errors are reduced or eliminated. You instantly save time, reduce errors, and increase flexibility.
The built in double entry feature leaves no room for mistakes. Employers can keep accurate accounts for each department within the business. Multiple accounts can be implemented for separate or same departments with different operating expenses and budgets. Financial statements can be generated instantly and integrated with the general ledger for easier viewing and accessibility.
Below are the benefits of the online employer general ledger:
- Software Wizards guide you through a onetime set up to map your accounts to your payroll
- Flexible solution to chart total net pay or each paycheck
- Distribute payroll expenses to multiple accounts and/or departments
- Improves accuracy – no double data entry
- Direct online access by your accountant or auditor
- After each payroll a file will be generated to provide instate electronic payroll date that you can apply directly
- No third party involvement to apply payroll data to your general ledger