Escrow Solution
Seamless is the solution.
Designed for the challenge of paying hourly employees for their actual hours worked, Escrow Solution provides salary payment over Christmas Break, Spring Break, and Summer Break. PSST designs custom logic to the escrow process that fits your organization's specific needs.
Using the power of MUNIS®, supplemented by custom logic for the escrow withholding and escrow payment, this custom innovation seamlessly interfaces MUNIS data and MUNIS processing.
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- Automatically withholds escrow based upon a % of gross pay
- Tracks as escrow payment type, the hours and amounts balance using the MUNIS® accumulator table
- Processes escrow withholdings as negative earnings
- Escrows withholding shown as earnings so employees see balances together
- Pays escrow during non-work periods based upon set hours per job class code
- Unlimited escrow plans available
- Last escrow payment balances escrow hours and escrow amounts
- Hourly employees have pay even during non-work periods
- Eliminates need to estimate or set up annual pay for hourly employees
- All transactions and balances are handled within MUNIS
- Easy set-up, maintenance and control using familiar MUNIS employee tables
- Accurately tracks actual hours and amounts worked
- Taxes are calculated correctly based upon actual earnings paid
- Automatic balancing
- Data accuracy without manual computations
- All balances carried in MUNIS accumulator tables for quick and easy review
- Reports provide instant access to balances
PSST proudly serves these school systems:
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