Onboarding and Setup

After a payroll run, where does my money go?

In this article, we'll describe what is happening behind the scenes when you run a payroll with Traction.

One part of the onboarding process is for each Employer to have an account with Synapse setup.  This occurs during the bank account and micro-deposit verification step.  Each employer has their own custodial account, as per law.

After a payroll is run and processed, the funds are moved into a custodial account through Synapse, our banking partner.

These accounts are then used to pay State / Federal agencies, as well as the net pay to the employees.