Is this Jog Wheel Compatible

I'm trying to begin setting up a jog wheel I got from a Yasnac controller and wanted to see if anyone has any hints on the rear connections. I've studied up on the Hal file info and will be trying that out soon but not sure if this wheel is ok to use or not. I'd assume so but figured why not ask. Also it says 12v 100mA Max source power. Is that necessary to be 12v or can I get away with using he 5v my breakout board had? The other question is in regards to the two signals and having the +/-. Will this wheel require four pins on the board (times number of axis to control)?

My plan which I know has been done before is to have a panel with the wheel (seen in pic) along with some rotary switches to be able to change from .010/.001" as well as which axis is selected. I'd also like a speed and feed override to be selectable as well. One piece at a time so sorting through the pulse encoder wheel first.

Currently I have a cheap Sainsmart breakout board but may be upgrading in the near future. So in the case of tying 5v in would the + be to the 12v source and then the positive of the S1/S2 go to the input pins on the board?