Payroll status in Wrapbook helps production accountants and administrators track the progress of payroll processing across their projects, providing real-time visibility into where each payroll stands in the payment lifecycle.
Status types
Your project’s payroll will always have one of the following status:
Draft status shows when editing/approving/importing timesheets and calculating payroll
Calculate shows when balancing the payroll
Post shows when payroll is ready for funding
Funding shows when your company is in the process of providing funds to Wrapbook to pay workers. Once a payroll is funded, changes cannot be made to the timecards or batch. Always verify all information before completing the funding step.
Funding process
The exact process for funding payroll depends on your company's funding method:
ACH - Companies using automatic bank debits (ACH) will have the funds automatically withdrawn from their connected bank account
Wire transfers - Companies using manual wire transfers need to send the funds to Wrapbook and provide proof of transfer
Drawdown accounts - Companies with a drawdown account will have the funds pulled from their pre-funded account
Net terms - Companies with net terms will have Wrapbook pay out the payroll first and then invoice the company, who must pay within their agreed payment terms
Once funds are confirmed, Wrapbook will schedule the payroll for crediting to workers' accounts.