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Payentry Cashflow Tools
Retirement Plan Services
No-Cost Retirement Plans for SMBs
Small companies wanting to provide a retirement plan often find the administrative cost to be expensive and the ongoing administration to be burdensome. Payentry is designed to lower the barrier-to-entry for small and medium-sized companies to offer retirement savings options by requiring no fees for setup, conversion, or annual administration. Payentry Retirement Plans are fully integrated with payroll, saving time and money on managing the plan.
- Employee Deduction Changes Are Made Online
- Employee Contributions (And Any Matching Contributions) Are Drafted Via ACH Each Pay Period
- Payroll Data Automatically Transferred To TPA (Third Party Administrator)
- Payroll Data Needed To Complete Year-End Census Information Uploaded Each Pay Period
Work Opportunity Tax Credit (WOTC)
WOTC Made Easy
WOTC is a federal tax program that gives employers up to $9,600 per employee if the employee meets certain criteria. Many employees are eligible simply based on where they live. The application process for WOTC is seamlessly included in Payentry’s hiring process. When someone applies for a job, Payentry asks a few questions to see whether or not they qualify for WOTC. If so, you’ll see the amount they qualify for next to their application. If hired, Payentry will also begin the process of getting your WOTC Certificate – making the whole process transparent and easy for you.
- Quickly Identify Qualified Prospects
- Seamlessly Begin The Application To Receive WOTC Certificate
- Payentry Automatically Keeps Up With Changing WOTC Qualifications
Pay-as-you-go Workers’ Comp
Workers’ Compensation That Actually Benefits You
The Hartford pioneered pay-as-you-go workers’ comp billing 15+ years ago, and now their XactPAY® system is part of Payentry, helping you to keep your cash flow intact and available.
With The Hartford’s XactPAY®, you can pay your workers’ compensation premiums on actual payroll instead of last year’s headcount. Your cash flow won’t be restricted by a large down payment or premiums based on inflated payroll numbers from previous years.
- No Down Payment
- Premiums Calculated On ACTUAL Payroll vs Estimates
- No Monthly Billing Or Finance Fees
- Efficient Online Management Options
- Automated Reporting
- Minimized Year‐end Audit
Predictable Pricing and Cash Flow Timing
Payentry’s standardized pricing is based on actual monthly employment numbers and helps you to better plan monthly expenses. The simple fee structure helps you better plan expenses, and our commitment to transparent pricing includes no hidden costs or fees. Plus, Payentry’s predictable payroll funding and billing always runs at the same interval ahead of payroll draft, giving you a solid expectation as to when your payroll funding will be drafted. At Payentry, we believe that transparency and predictability are keys to business success.
Features our clients love
Simple & Easy Interface
Have complete control of Payroll through a simple and easy interface.
Utilize freely our USA-based support team as you need them.
Hiring & Onboarding
Use unmatched Hiring & Onboarding tools with simple payroll transition.
Automatic Tax Filing
Establish automatic payroll tax filing for local, state, and federal taxes.
Pre-Tax & After-Tax Benefits
Manage medical insurance, HSA, FSA, IRA, 401(k) and more.
Vacation & Sick Days
Establish time-off policies and manage employee usage.
Handle all employee reimbursements while managing payroll.
Salary, Hourly, Contractor
Work with any type of employee or 1099 contractor that your business supports.
Work seamlessly with HR, accounting, bookkeeping, and more.