Wagepoint provides you with an online payroll application that allows you to process your payroll and ensure that your employees are getting paid accurately and on time. However, there are some key points you need to keep in mind as a user / subscriber of the app, which we have outlined below.
- You need to process your payroll and allocate the necessary payroll funds (including amounts owed to Wagepoint for the use of the app) four (4) business days prior to the desired pay date by 3pm EST.
- If you are running your payroll for the first time, please check to make sure that your company's bank account information as well as your employees' bank account information (if you are using Direct Deposit) have been entered accurately. It is critical that this information is correct because we cannot retrieve misplaced funds without necessary legal paperwork. Additionally, please note that you will be charged an additional $50 fee to get these funds back.
- Once you go through the process and click "Approve", the payroll cannot be undone. If you have missed adding / accounting / approving an employee, you have the opportunity to run an off-cycle payroll. However, the off-cycle payroll requires a different end pay-cycle end date, and there is the standard ($20 base fee + $2 / employee) charge to run the off-cycle payroll.