Payroll
Fiserv Galaxy Payroll allows online posting of all payroll by transmission, tape, or diskette.
Payroll Features
- System handles vacation payrolls
- Unlimited posting options
- Liability reporting
- Statement disclosure
- Speed transaction screen
- Automatic G/L entries
- Payroll transfer
- On-line inquiries
- Report Writer interface
- Letter Generator capabilities
- Payroll holds—such as weekly payroll with monthly loan payment
- Post by name, social security, employee number, or account number
- Payroll skips supported
Individual Retirement Accounts (IRAs)
IRA Plan Processing
- Provision to calculate Required Minimum Distributions (RMD)
- Produce a liability report for anticipated RMDs
- Complete support for self administration - including all forms of IRA accounts (Roth, Educational, Conversion,Traditional)
- Deceased account holder reports
Reports and Programs Required for IRAs
- Automatic IRA distributions can post a transfer or check based on frequency chosen by the member for their RMDs
- Beneficiary reports
- IRA Projection Calculations
- 3-year historical reports for verification on demand
- On-line help for codes
