Julie, Robert, & Randy-
Thanks for the responses! I will be researching this option further.
Randy, to answer your question, yes, we use Labor Entry (a clerk manually
entering timecards into the system on a daily basis), so all the shop (i.e.
hourly employees) time is already in Vantage. If you don't mind, I may pick
each of your brains offlist as I begin evaluating this option - I am
definiately interested in automating this process (i.e. tax
payments/filings) as much as possible.
Thanks!
Rick Ludwig
-----Original Message-----
From: Julie Lehmann [mailto:jlehmann@...]
Sent: Friday, October 31, 2003 4:30 PM
To: vantage@yahoogroups.com
Subject: Re: [Vantage] PAYROLL MODULE vs. OUTSOURCING TO ADP or PAYCHEX
We use Vantage's Payroll module. Have 160 employees right now, and with
data collection it goes really fast. It probably takes me about 4 hours a
week from start to finish. Since it also acrrues and deducts vacation used,
that's a big time savings right
there for us. It also does all the break-down to the proper accounts for
wages, taxes, and other deductions. That saves time for us too, rather than
making journal entries to all of those accounts. I like it - after the
initial set-up, it's really easy.
Julie
Mercury Minnesota Inc.
Thanks for the responses! I will be researching this option further.
Randy, to answer your question, yes, we use Labor Entry (a clerk manually
entering timecards into the system on a daily basis), so all the shop (i.e.
hourly employees) time is already in Vantage. If you don't mind, I may pick
each of your brains offlist as I begin evaluating this option - I am
definiately interested in automating this process (i.e. tax
payments/filings) as much as possible.
Thanks!
Rick Ludwig
-----Original Message-----
From: Julie Lehmann [mailto:jlehmann@...]
Sent: Friday, October 31, 2003 4:30 PM
To: vantage@yahoogroups.com
Subject: Re: [Vantage] PAYROLL MODULE vs. OUTSOURCING TO ADP or PAYCHEX
We use Vantage's Payroll module. Have 160 employees right now, and with
data collection it goes really fast. It probably takes me about 4 hours a
week from start to finish. Since it also acrrues and deducts vacation used,
that's a big time savings right
there for us. It also does all the break-down to the proper accounts for
wages, taxes, and other deductions. That saves time for us too, rather than
making journal entries to all of those accounts. I like it - after the
initial set-up, it's really easy.
Julie
Mercury Minnesota Inc.
----- Original Message -----
From: Ludwig, Rick
To: 'Vantage@yahoogroups.com'
Sent: Friday, October 31, 2003 2:34 PM
Subject: [Vantage] PAYROLL MODULE vs. OUTSOURCING TO ADP or PAYCHEX
To the fellow "bean counters"-
How many of you are using Vantage's Payroll Module vs. outsourcing to ADP
or
Paychex? If so, what are your thoughts of it.
We are in a "cost cutting" mode and currently use ADP. We pay roughly
$22k
per year. As I see it, ADP is mainly cutting checks, filing/paying
payroll
taxes, paying garnishments, and handling new employee reporting. I am
looking at a quote from Paychex for $17k per year with $1,000 initial set
up
fee, which looks good, but I'm wondering if I can cut more costs.
I would like to hear some of your thoughts on using Vantage exclusively
for
payroll vs. outsourcing. In addition, if we stick with outsourcing, ways
to
reduce some costs by bringing certain pieces back in house. My payroll
clerk has done the payroll for 20+ years, and I understand many years ago,
she used to do it all in house.
Some of our statistics:
- 2 States with plants (IN & IL) w/ a couple employees in 2 other states
(total of 4 states)
- Our IL plant is not yet on Vantage, however, it is scheduled for Q1 '04
- We do not, and have no plans to, use Data Collection (timecards are
manually entered)
- 160 employees w/ approximately 25 weekly garnishment payments
- Weekly pay runs (paid the following Thursday)
- 2 to 3 new employees per month
Any thoughts ideas would be greatly appreciated.
Sincerely,
Rick Ludwig
Vice President of Finance & Administration
Metal Spinners, Inc.
Angola, IN 46703
DIRECT (260) 665-2192 x225
FAX (260) 665-5327
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