Do you want a fully automated payroll solution? Let NetSuite Payroll handle it. 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). NetSuite 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).
NetSuite Payroll includes: the ability to create payroll batches, Direct Deposit, payroll filings and deposits handled electronically, W-2 forms for permanent employees and 1099-MISC forms for contract employees are processed and filed electronically, new employee registrations filed electronically, service printed checks and stubs, service printed W-2s, 1099-MISC, and W-2Cs, and Integrated time tracking, commissions, and expense management.