Banking
What are two responsibilities of the Banking Team?
Voids, ACH Sweep, ACH Reversals, Stop Payments, Check Status Inquires, Return of Funds...
What are two responsibilities of the Tax Team?
Quarterly Tax Filing, Tax Amendments, FEIN Audits in MasterTax, Tax Adjustments, Third-Party Sick Pay Recordings, etc..
Should a new hire be added to Toast Payroll or Toast POS first?
Toast Payroll, employees should be added into the Payroll system first via the New Hire Dashboard.
What is the navigation path to view an employee's reoccurring active earnings?
Personal Profile > Pay > Pay Information > Earnings
Does an HR+ user have the ability to setup Holiday Rules?
YES
What is the ACH Sweep and when does it happen?
The ACH Sweep is the process of our Banking Team taking all the posted payrolls ACH files and sending to the bank.
The ACH Sweep occurs at 4:20 pm CST, Monday-Friday.
What are two Employer Paid Taxes?
Social Security (FICA)
Medicare
SUTA & FUTA
How often do position/specialty updates take to flow into Toast POS?
63 minutes
Customer can click 'Sync to Toast' on employee's Personal Profile, to send the update to POS quicker (~1-3 minutes)
What is a Pre-Tax Deduction?
Deductions that are withheld from the employee before taxes are calculated and withheld
What two position attributes need to be updated in order to change an employee from Hourly to Salary?
Salary Type and Default Earning Type
How many days after the check date does a customer have to request an ACH Reversal?
5 business days
How often does the Toast Payroll Tax Team file payroll taxes on behalf of a customer?
The Tax Team files customer payroll taxes on a Quarterly basis.
Once the filing process is complete, a Quarterly Tax Package is uploaded to the Customer's database for review.
What information is needed to send a new profile from Payroll to POS?
Location Level, Job Level, and Unique Email
What does Deferred Compensation Eligible mean?
The funds paid under the earning are included in the calculation of retirement plan withholding on the same paycheck
Can a customer create one position and tie it to multiple pay groups?
NO
What are staled dated checks?
Live payroll checks written from the Toast/Stratex account that are older than 6 months from the check date.
What does the supplemental tax frequency do?
Ensures employee's are taxed a flat 22% for federal income tax
What are POS job codes mapped to in Toast Payroll?
Job levels
What deduction would you use if a garnishment order is asking to withhold 25% of disposable income?
Garnishment 25%
What settings restricts users from editing an employee's timesheet?
Company > Setup > Timekeeping > Settings > 'Make Timesheet Read Only'
What is the navigation path to confirm a customer writes out of Toast Payroll's account?
Admin > Client Admin > Edit Company > FEIN > Select > Use as Payroll Payor
What are Tax Amendments?
A tax amendment is a tax correct made to an employee's tax, if they were originally submitted to the tax agency incorrectly.
Why would an employee have hours in POS, but not on their Toast Payroll timesheet?
The employee may not be mapped under Company > Setup > Toast > Employees.
The employee could have an unmapped Specialty/Job under Company > Setup > Toast > Jobs.
What are Deduction Codes tied to?
Check Frequencies
Tips are typically tied to what box on an employee’s W-2?
Box 7