PLATFORM / PAYROLL CORE / Payments + banking
Money moves on time, every time.
Worklio collects, holds, and disburses payroll funds (net pay, taxes, garnishments, and benefit remittances) with every transaction reconciled.
- FUNDING
- ACH debit or wire
- NET PAY
- Direct deposit and checks
- IMPOUNDS
- Tax and third-party
- RECONCILIATION
- Daily, by transaction
WHAT'S INCLUDED
- 01
Direct deposit
Split pay across multiple accounts.
- 02
Checks
Printed on-site or mailed.
- 03
Tax impounds
Funds held and remitted to each agency on schedule.
- 04
Fraud controls
Bank-change alerts and dual approval.
- 05
Bank reconciliation
Every debit and credit matched to a run.
HOW IT WORKS
A planned go-live, with parallel runs first.
- 01Discovery + design. We map entities, pay rules, deductions, and integrations.
- 02Data + configuration. YTD wages, tax accounts, benefits, and GL mapping loaded and tested.
- 03Parallel runs. One or more payrolls run beside your current provider and matched to the cent.
- 04Go live. Usually at a quarter or year start. Employees invited, your team trained.
KEY TERMS · FROM THE GLOSSARY
Browse the glossary- Net payNet pay is the amount an employee receives by paycheck or direct deposit after every tax and deduction is subtracted from gross pay.
- Final paycheckA final paycheck is the last wage payment an employer owes a departing employee, covering wages and earned variable pay through the last day.
- Off-cycle payrollAn off-cycle payroll is a payroll run outside the normal schedule that pays an omitted or additional amount.
QUESTIONS ABOUT Payments + banking
- Which plan includes payments + banking?
- It is included from the Payroll plan up.
- Does it share data with the rest of Worklio?
- Yes. Every module works from one employee record, so changes flow to payroll, time, benefits, and reporting automatically.
- Can we add it later?
- Yes. Modules can be added at any time; your data is already in place.
SECURITY
Audited controls on every module.
SOC 2 Type II, ISO 27001, 27018, and 9001. Layered access rights, two-factor authentication, and a full audit trail.
IMPLEMENTATION
A named team, parallel runs first.
Fastest for 50 to 500 employees, phased for multi-entity enterprises. Your timeline depends on entities, states, integrations, and data quality.
WORKLIO INSURANCE
Benefits and comp, billed with payroll.
Benefits admin is free when Worklio Insurance Services is your broker of record.
- PAYROLL AND TAXES PAID
- $35+ Billion
- ACH TRANSACTIONS
- 23+ Million
- W-2S / 1099S PROCESSED
- 4.3+ Million
- EMPLOYEES PAID
- 2.8+ Million
TRUSTED BY PARTNERS INCLUDING
