Author Archive
-
Creative ways to use TRAVERSE Inventory (T)
When you hear the word “Inventory”, what do you think of? Most of us think of a retail store or a manufacturer as the type of company that uses the Inventory application. However, many other types of organizations have supplies or products they need to monitor that is well-suited for Inventory. Think about the numerous items that a hotel must have on hand to properly satisfy their guests, or a school bookstore, or a catering company, or even a repair service that relies heavily on parts to respond to customer requests. If your organization fits any of these descriptions, you know that you need ...
-
HIRE Act Overview (O/T/Q)
The Hiring Incentives to Restore Employement (HIRE) Act was enacted on March 18, 2010. What does mean to you? Employers who hire unemployed workers after 2/3/10 and before 1/1/11 may qualify for a 6.2 percent payroll tax incentive, in effect exempting them from their share of Social Security taxes on wages paid to these workers after 3/18/10. This reduced tax withholding will have no effect on the employee's future Social Security benefits , and employers would still need to withhold the employee's 6.2 percent share of the Social Security taxes, as well as income taxes. Both the ...
-
Handling vacation checks in Payroll (O/T)
It isn't unusual for employees going on vacation to ask for their vacation check before they leave. What can be tricky though, is if you include both their regular and vacation amounts in the same check, the software will generate taxes based on that extra amount. This will deduct an overstated amount of taxes from the employee's check. To generate a vacation check in addition to the employee’s normal weekly check, enter the normal weekly hours as usual. Then drop down and change the sequence number for the vacation hours you enter. When calculated, two checks will be generated with the regular tax ...
-
Traverse Interactive Views – exceptional reporting power (T)
In TRAVERSE Version 11, Inquiry Screens have been replaced with Interactive Views. With these views, you choose the information you want to see - and not any extra information you don't want. You can easily add or remove fields from the view, assign multiple criteria and group the data as you want it. Once the view is created, you can drill down for more detail, print the results of your view or save it in a .pdf file. With one click, the .pdf file can be attached to an email and sent to anyone in your address book. You can also export this information to a number of different formats. Want ...
-
Partially paying invoices (O/T)
Occasionally we want to partially pay an invoice - perhaps because we're waiting on a credit for part of it - or made an agreement with our vendor to pay part of it now, and the balance later. If the invoice hasn't been entered yet, you can 'split' the invoice into multiple payments during invoice entry on the Totals screen. If the invoice has already been entered and posted, you can still 'split' the invoice into multiple payments - here's how: Go to Accounts Payable -> Pay Invoice -> Hold/Release Invoices Select the Vendor and Invoice you want to split Select "Split" at the bottom of the screen, then ...
