Paycom Pay is a comprehensive payroll reconciliation software designed to eliminate the tedious task of check reconciliation after every payroll cycle. It issues paychecks that clear off Paycom's bank account instead of the employer's, simplifying the entire payroll process and offering enhanced security features.

Key Features

Simplified Check Reconciliation Paycom Pay eliminates the need for manual check reconciliation by handling the process automatically.

• Issues paychecks from Paycom's account, not the employer's
• Consolidates net payroll, taxes, and fees into a single transaction

Enhanced Security The software provides improved protection against potential fraud and simplifies financial management.

• Reduces risk associated with manual checks
• Helps protect businesses against fraud attempts

Stale Check Management Paycom Pay offers efficient handling of uncashed checks, saving time and resources.

• Automatic refunds for checks not cashed after 180 days
• Built-in reporting for easy tracking of stale checks

Benefits

Time and Cost Savings Paycom Pay streamlines payroll processes, reducing administrative burden and associated costs.

• Eliminates the need for manual check reconciliation
• Reduces bank charges and consolidates general ledger entries

Improved Accuracy and Compliance The software ensures accurate payroll processing and helps maintain compliance with tax regulations.

• Integrates with other Paycom modules for error-free payroll
• Handles federal and state payroll tax filing