| Certified payroll software automates much of the | | | | form shows a breakdown of all payments made. |
| record-keeping required to comply with Federal | | | | By using certified payroll software the reporting |
| regulations for certain construction projects. The | | | | requirements can be easily met. |
| Form WH-347 is the document that lays out the | | | | Look out though. You can add a lot of work if |
| way the payroll must be done. | | | | you pick the wrong system. Here's how... |
| The Copeland Act (40 U.S.C. § 3145) | | | | Make sure that your payroll software is |
| requires contractors and subcontractors | | | | compatible with your main accounting software. |
| performing work on certain Federal contracts to | | | | Otherwise, you really have trouble. You certainly |
| "furnish weekly a statement with respect to the | | | | don't want to be entering data twice or reconciling |
| wages paid each employee during the preceding | | | | two different systems! |
| week." | | | | Many payroll software packages will take input |
| That statement must be signed (That's the | | | | data from QuickBooks software as well as other |
| certifying part!) that the payrolls are correct and | | | | major accounting packages. |
| complete and that each laborer or mechanic has | | | | The required Form WH-347 isn't complex to |
| been paid not less than the Davis-Bacon prevailing | | | | complete, but keeping track of the payroll data |
| wage rate for the work performed. That wage is | | | | without the right software can be a real pain. The |
| pre-determined based on specific guidelines. | | | | right payroll software can remove a real obstacle |
| The form shows wages and benefit amounts paid | | | | to timely reporting of payroll costs. |
| to each and every worker. For each worker the | | | | |