Platform
Payroll that lands in the books correctly
Most payroll problems are accounting problems. Varetiq treats a pay run as what it is — a set of ledger entries with wages, taxes, and liabilities that must reconcile.
- Wages, taxes, and liabilities posted
- Liability aging
- Per-location allocation
Payroll/ Run 27 · Semi-monthlyEmployer taxes and benefit liabilities post to their own accounts on approval.
- Set of books
- 1
- Allocation dimensions
- 4
- Liability tracked
- Every run
- History retained
- Full
Payroll never lives in a separate silo.
Location, class, project, department.
What is owed, and when it is due.
Prior runs stay readable and exportable.
Pay runs
Review before anything is final
A run is a draft until a person approves it. Compare it against the previous run, see what moved, and catch the unusual hour count before it becomes a correction.
In practice
- Side-by-side variance against the prior run
- Unusual amounts flagged with the reason
- Approval required before posting
- Corrections recorded as visible adjustments
Liabilities
Know what is owed and when
Withholding, employer taxes, and benefit deductions are tracked as real liabilities with due dates, so payroll obligations show up in cash planning instead of surprising you.
In practice
- Liability aging by type and due date
- Cash-flow view includes upcoming obligations
- Payments matched against the liability they clear
- Year-end reporting worksheets
People records
Employee and contractor records in one place
Compensation history, classification, and documents live with the person. Contractor spend feeds the 1099 workspace so the year-end scramble is a review rather than a reconstruction.
In practice
- Employee and contractor treated distinctly
- Documents attached to the person record
- Compensation change history
- Contractor totals flow to the 1099 center
Varetiq's payroll workspace shown here is an interface preview. Tax filing and payment services, where offered, depend on jurisdiction and are confirmed during onboarding.
Look at a pay run end to end
Open the payroll workspace and follow a run from draft to posted ledger entries.