Payroll software programs can save your company time, money and aggravation. You can make mistakes in business and not even notice. Make mistakes in payrolls and they will be noticed. Payrolls just keep coming, so there are so many chances to make errors and mistakes too. Getting everybody’s check right is one thing. Getting all the required tax forms, deposits and payments right is another. It’s not like all the regulations and government requirements stay the same either. It’s a moving target. Check out these tips for choosing the right payroll system for your company.
Tip 1: Decide what you need.
Construction companies often need “certified” payrolls and job cost records too. Give careful thought to start about what you really need from a payroll system. You need enough computer power to get the job done. But more system than you need will cost you in extra costs for learning and training. Plan for your real needs.
Tip 2: Payroll should tie to your accounting system.
The last thing you want is payroll software that isn’t compatible with your main accounting software. If you use one of the major software products like QuickBooks or Peachtree, the easiest route is to use the payroll module offered by your accounting software supplier. Otherwise, make sure exactly what
Tip 3: Make form filing easy.
Quarterly return and annual tax return deadlines just keep coming over and over. The right software puts the information to do those forms right at your fingerprints. Plus your software can generate the returns ready to go.
Tip 4: Decide on payment options.
Generating those payroll checks automatically is a huge plus. But there’s more. You can offer your employees direct deposit with the right software and eliminate some paper work right there.
Tip 5: What about online?
Choose online payroll software and avoid the hassles of maintaining software. Here’s another plus. Never again worry about keeping up with tax rate changes and regulation changes. That’s what the online software people do. They keep up with all the changes and deadlines and let you worry about something else.
Payroll software programs should save time and money. If you’ve been using an outside payroll service, having your own software gives you back control and saves money too. Just make sure your system fits your needs and will blend with the software you already use. Another option to consider is online payroll. That’s a way to avoid many of the hassles of keeping up with payroll and do it at a reasonable cost per month.