Paycom Pay
Paycom describes Paycom Pay as one of several pay options within its payroll system, letting employees access their pay by a method other than traditional direct deposit. The other options named include direct deposit, the Vault payroll card and daily pay access.
Paycom Pay: Payroll and Paycom Pay
The payroll system starts each pay period automatically and flags errors in real time. It guides employees to fix mistakes before submission instead of after.
Employees manage their own payroll data through self-service.
Everything connects through a single database, so time and attendance data flow into payroll without re-entry. The system also handles expense tracking, garnishment administration, payroll tax and general ledger integration.
A controller quoted on Paycom's page praises the automation.
Dealerships have commissioned and flat-rate staff. An owner would ask how variable pay is loaded and how each pay method is offered to employees.
It would ask what state rules say about pay methods. The category guide for payroll lists a neutral checklist.
Ask who supports it.
| Product or service | Function |
|---|---|
| Payroll and Paycom Pay | Payroll that employees can help manage themselves. |
Payroll calculation and the method of paying employees
Paycom describes payroll within a single employee database connected to time, expenses, garnishments and payroll taxes. It also identifies general-ledger reports mapped for direct import into accounting. paycom.com
A dealership should separate those payroll calculations from the method used to deliver employees' pay. For an implementation test, run the store's actual pay types through a sample period and reconcile the resulting payroll totals with the accounting export. paycom.com
The export mapping should show the legal entity, department and relevant payroll accounts, so a balanced payroll is also usable by the controller. paycom.com
Paycom's Vault is a separately named Visa payroll card. Employees apply through its self-service mobile app and manage the card through My Vault Card Plus; mobile-wallet support is also documented. paycom.com
That is a specific employee payment option, rather than a reason to assume every employee uses a card. Ask the proposal to identify which disbursement methods are included in the dealership's Paycom Pay configuration. paycom.com