Understanding payroll cash requirements
Calculate payroll cash requirements, including employee payments, taxes, and deductions for efficient processing.
Overview
The cash requirement for a payroll is the amount of funds that Check will attempt to debit the company to process that payroll.
The cash requirement includes:
- Total net pay amounts for employee payroll items, which are paid via direct deposit
- Total payment amounts for contractor payments, which are paid via direct deposit
- Total amounts of tax liabilities, which Check will remit on the employer’s behalf
- Total amounts for child-support post-tax deductions, which Check is remitting on the employer’s behalf
If an employee or contractor is paid manually (i.e., the payment method on the payroll item / contractor payment is set to “manual”), then their net pay amount is not included in the cash requirement for the payroll. Similarly, if the payroll contains any benefit, post-tax deduction, or tax which is not remitted by Check, then those amounts will not be included in the cash requirement.
Where can I find the cash requirement for a payroll?
You can find the cash requirement for a payroll in Console by navigating to the payroll in the Payrolls tab. The cash requirement is shown on the right hand summary of the payroll, under Payroll Details.
You can also download a cash requirement report by clicking the three dots in the upper right corner, which shows a breakdown of the cash requirement for the payroll into each of the categories listed above.
Last updated on June 30, 2024