How Financial Fits Your Business.
1. Experience
Your Workzoom Coach will seek to understand how you do business while demonstrating Workzoom’s functionality and how it can be fit to suit your needs.
What is your current financial system of record?
What challenges do you face with your current journal process?
What is your corporate bank for payroll disbursements?
2. Collaborate
The success of Workzoom depends on you and your team communicating with your Coach! To make the most of Workzoom we will work together to:
Define the frequency of journal generation
Define the frequency for the generation of bank transmission records
Align Workzoom with the business bank accounts for appropriate EFT file generation
Determine cost and wage allocations based on defined parameters
Set up the chart of accounts in Workzoom for payroll costing
3. Achieve
After fitting Workzoom to you, you will be able to:
Automate the generation of the payroll journal on a specified frequency
Generate bank disbursements that attach to the appropriate EFT bank file for submission
Have all payroll entries costed/journalized following pay processing using the GL string dynamically derived based on established account structure
All Financial Features.
Automatic journalizing of pay entries
Generate journal entries automatically through pay processing.
Cost and wage allocations
Track cost and wage allocations based on predefined parameters.
G/L mapping
Define the chart of accounts to be included and processed through payroll.
In-balance indicator
See if your journal is in or out of balance.
Payroll journal files
Extract journal entries and audit files to update your financial system.
Statistical accounts
Obtain other key metrics through statistical accounts.
All Financial Insight.
Account definitions
What accounts are defined/in use/mapped to pay codes?
Actual vs. budget comparison
Are we on budget?
Cost centre timeline comparison
How do the costs compare over time?
Debits & credits comparison over time
How do costs fluctuate month to month, quarter to quarter?
Department costing
How are the departments costed?
Employee costing
How are employees costed?
Employees with pay allocations
Which employees have pay allocations?
Job costing
How are the jobs costed?
Journal run details
What’s included in this journal?
Journal run history
What journals have been run and what was in them?
Journal run summary
What journal runs have been created and what are the CR/DR totals, posting dates, etc.?
Operating expenses by cost centre
What are the organization’s operating expenses?
Operating liabilities by cost centre
What are the organizations operating liabilities?
Book your live demo.
Experience Workzoom live in a one-hour demo! Tell us about your current people management challenges and learn how Workzoom will help you overcome them. Ask any questions you may have and learn all about our no-risk implementation process.