Using the Master Index for Payroll

If you are using an Employee Index, you will continue to use the Master Index, but it will not need to have as much information in it as when the Master Index is also used for payroll by the MacNail Accounting software.

NOTE-- In 2000, we replaced MacNail with Goldenseal construction payroll software. Goldenseal is an integrated program that includes general accounting, job costing, payroll and project billing, plus estimating and other features. It includes a much better payroll system, with all withholding information stored in Employee accounts.

You should still type in the name of each person in the Labor column. This name will show up in your Labor Logs and Checkbook Ledger, whenever you log in labor hours or paychecks for that employee.

Also type a wage rate for the employee into the wage column of the Master Index. This number will be used for job costing of labor costs from the Labor Log. If you wish, you can use a 'billable' wage rate in the Master Index for the sake of job costing, and then the actual wage rate in the Employee Index.

You should also continue to type a burden multiplier into the brdn column of the Master Index. The actual hourly wage used for labor job costing will be this number multiplied by the wage rate to its left. Burden consists of FUTA, SUTA, the employer halves of FICA and Medicare, Worker's Comp, and any other employer taxes that are figured on a percentage basis. Take the sum of these taxes, add it to one, and type the resulting number into the burden column. For example, if the total of employer taxes for an employee is 28%, then type 1.28 into the burden column.