20.7 Release Notes

Version 20.7 Release Notes

Announcing version 20.7 of the HRIS portal.  Please see the release notes below and do not hesitate to contact us with any questions or concerns.

Introducing Updated General Ledger

The general ledger is a master accounting document providing a complete record of all the financial transactions of your business. It is a history of a company's financial transactions. Each transaction is identified by an account number.

The general ledger is crucial for ongoing business performance analysis because it provides a comprehensive record of all business financial activities. It’s important to maintain this data accuracy.

Traditionally, accountants would have to painstakingly record financial transactions in the ledger by hand. Those days are long gone with our new General Ledger Module!

With the General Ledger (GL) module, you can set up and maintain accounts for tracking your company's financial transactions for each payroll. Our GL allows you to:

• Have the payroll portion of your general ledger at your fingertips.
• Create infinite GL mapping across multiple sectors within one business entity.
• Generate perfectly mapped GL reports for direct import into your accounting software.
• Simplify Labor Allocations
• Maintain accuracy with a preview of your GL maps to ensure correct setup.
• Integrate with Quickbooks.
• Take advantage of other Reporting integrations.

Time Import Mapping

Importing hours into your payroll has never been easier with our new Time Import Mapping feature! With Time Import mapping you will now be able to map the time import functionality to read any time spread sheet.

Once the mapping has been completed you will be able to seamlessly import your time spreadsheet while processing your payroll. Best of all the mapping functionality remembers your spread sheet mapping allowing you to import your time sheet seamlessly every time!

PPP Forgiveness Estimator

The SBA has released new PPP Loan Forgiveness guidance effective May 15, 2020! The guidance comes in the form of the Loan Forgiveness Application. The instructions provide answers to many of the open items and change several components of the calculation

Our PPP Forgiveness Estimator helps you get a better idea of what portion of your PPP Loan is likely to be forgiven. Please note that guidance is evolving and this estimator will change as new guidance is released. The current version of the estimator incorporates the most recent guidance and uses the generally accepted assumptions about the areas of the code that guidance has not yet been released on

You can find a step by step tutorial on how to use our PPP estimator here.