Integrated to your Producer Payroll System
Data Specialists, Inc.'s Equity Procurement Suite solution provides a cooperative's management the ability to distribute and track the year's distribution of earnings and all prior years' retained earnings for equity holders.
Features include:
- Track all retained earnings and distributions to equity holders
- Ability to adjust percent of taxable and non-taxable current year's earnings after posting is done
- Ability to enter manual payments and distributions
- Transfer distributions between accounts
- Track those equity holders with zero gross earnings for the year but have unpaid retained earnings
- Maintenance of political divisions, groups, districts, co-ops,district officers, and co-op officers
- Automatic deletion of inactive equity holders who have no unpaid retained earnings
- Direct deposit functionality for all non-estate payments
- Ability to print retained earnings and distribution checks
- Estate payment processing
- Early revolvement of equity payments for retirees
- Print 1099 forms and create files for IRS
- Multiple reports
- Maintenance of certificate data
- Mailing label processing options, including .csv file creation
- Menu option (and equity holder tab level) security
- Integration with Producer Payroll application