Maintaining Payroll Information

Portico Payroll Processing provides the following features:

• Processes up to 39 payroll distributions per member, per payroll.
• Multiple payroll distribution, such as vacation pay.
• Automatic payroll distribution calculation.
• Multiple payroll processing options, such as ACH, exception, negative and positive via transmission.
• Multiple payroll deduction and distribution setup, maintenance and inquiry to primary account, cross account and general ledger.
• Automatic deletion of payroll distribution after loan payoffs.
• Default payroll share type option.
• Option to automatically establish and release payroll holds.
• Posting methods include post only, post and distribute, distribute only, and distribute and post.
• Automatic payroll purge quarterly.
• Payroll "skip" support.
• Specific payroll description on statements.
• Capability to post payrolls (i.e., includes across month-end) on effective date.
• Payroll number changes at the individual payroll ID level.
• Options to adjust deduction/distribution amounts based on payroll frequency.