Goldenseal Payroll Software

Goldenseal is payroll software for small business-- it calculates tax withholding and other deductions from employee payroll. It comes complete with payroll withholding tables for every US state and Canadian province. Goldenseal also writes paychecks and tracks employee time for job costs and time billing.

Goldenseal is integrated software that also handles expenses, customer billing, job costs, and general accounting. The complete version of Goldenseal costs $695 single-user, $995 for two users, $1295 for five users, and $1795 for up to 10 users. It is available for Macintosh and Windows computers.

For more about Goldenseal, click here.

Employee Time Tracking

To enter employee hours, follow these simple steps:

  1. Choose Labor Hours from the Costs menu, and click the New button.
  2. Enter the first few letters of the employee name. Goldenseal will fill in the complete name and the employee's usual wage rate and billing rates.
  3. Enter the time spent and the work that was done.
  4. If you want to track job costs, assign the labor expense to an overhead or project account.

The Goldenseal payroll software automatically posts labor hours to job costs, time-and-materials billing, and unpaid payroll. The Labor Hours records are also a good way to check back on the specific details of the labor cost on any work that you do.

For more about Labor Hours, click here.

Writing Payroll

To write paychecks, follow these simple steps:

  1. Choose Write Payroll from the Bank menu.
  2. Double-check the hours.
  3. Click the Write Payroll button.
  4. Goldenseal automatically calculates all withholding items and writes paychecks.
  5. To print paychecks, choose Print Forms from the File menu.

For more about writing payroll, click here.

Making Payroll Tax Payments

The Goldenseal bookkeeping software automatically tracks the amount you owe to each tax agency and insurance company. Just follow these simple steps to pay them:

  1. Choose Pay Bills from the Bank menu.
  2. Enter Payroll Taxes into the detail field at upper right.
  3. Put a checkmark next to the taxes you want to pay now, then click Write Checks.
  4. Goldenseal will write checks for the tax agencies, and mark the taxes as paid.

HINT-- Goldenseal also prints W-2 and 1099 forms at the end of the year.

Handling Payroll Complications

The Goldenseal payroll software gracefully handles many types of payroll complexities, including all of the following:

  • Advances and repayments
  • All US state and federal tax tables are included with Goldenseal
  • All Canadian and provincial tax tables are also included
  • Benefits of all types
  • Comp time
  • Garnishes and child support
  • Overtime at different rates
  • Owner draws
  • Paid Holidays
  • Reimbursements for employee purchases
  • Salaried and hourly employees
  • Taxes that "cut off" at a certain amount
  • Union dues
  • Vacation accrual and use
  • Work done in multiple states
  • Work done at multiple wage rates
  • Worker's comp and disability rates based on the type of work done
  • Worker's comp and disability rates that are different for each employee

Other Payroll Links

For more about payroll in the Getting Started manual, click here.
For more about payroll in the Reference manual, click here.
For more about payroll in Special Topics, click here.
For Goldenseal payroll software Tech Answers, click here.

Time Tracking

Writing Payroll

Tax Payments

Misc Payroll Complications