General Overview

FarmBooks includes a payroll feature that allows you to create paychecks for employees, track yearly deductions, pay federal and state deposit for withholding due along with other deduction amounts, and assist with filing federal and state forms. FarmBooks does not directly e-file your forms for you. However, it does provide reports that allow to you to do your filings. Most of the forms paraphrase the IRS forms. 1099 Forms are available for nonemployee compensation and rent.

Payroll is based on the standard ATI codes for 041x Labor Hired with x representing G-codes available to track wages earned (additional wage lines for 0411y where y is the D-Code that may be created for Overtime, etc.) and to do payroll withholdings for Social Security, Medicare, federal, and state taxes along with other G-codes for health and life insurance, retirement, and workman compensation/unemployment deductions. The deduction or withhold codes all start with 941x and have the same description as the 041x codes. Hence, by adding D-Code descriptions, you may customize special deductions and wage lines beyond the standard ATIG/D codes defined.