Don’t put off purchasing payroll software with overtime calculation. Getting software that has an overtime tool helps better ensure that every employee is fully compensated for their daily efforts and the right amount is withheld. Comprehensive payroll software is a trustworthy way to keep better track of everything. Overlooking details or making avoidable miscalculations is less likely when your system is automated based on what you may require. Investing in a customizable program goes a long way toward giving small businesses all kinds of unique tools.
Advanced Micro Solutions Payroll Software helps businesses stay independent while offering technical support as needed. AMS Payroll operates as one of six optional add-on modules to the base W-2/1099 Forms Filer program. Enter any payroll, non-employee compensation, or certain other 1099 information by check throughout the year.
Why Payroll Software with Overtime Calculation Matters
Overtime calculation tools are an essential component for many businesses who utilize payroll software. Keep in mind that a system with overtime calculation will help any business maintain:
Employee Fairness – Most, if not all, employees take exception if their pay does not accurately reflect the work that they put in throughout the year. Guaranteeing proper overtime calculation is an essential component of employee retention. Boost the company morale and improve each of your employees’ workplace satisfaction when you fairly compensate them for their extra work.
Transparency – Employees need to know that they can trust an employer to value their work ethic and time spent on the job. Prioritize getting payroll software with overtime calculation to provide total transparency for the employers and employees about the hours worked and the corresponding pay.
Cost Management – Small business owners already know that there are a lot of cost factors to running a smaller operation. Staying within your established budget is what may make or break a business in the end. Identify areas where the business’s overtime compensation is excessive when you accurately track employee overtime hours. Take any necessary steps to address the labor costs that may be fixable with better planning or by assignment reprioritization.
Legal Compliance – Labor laws may change and evolve, but the foundation is that employees eligible for overtime must be fairly compensated. Payroll software with overtime calculation can ensure that you adhere to the correct payment of employees who work beyond a set number of hours in any given week. A reliable software system should not leave your business floundering with the Internal Revenue Service.
Other Worthwhile Payroll Software Tools
The right payroll software comes with all sorts of tools that a small business can and should use for their employees and/or independent contractors. Common features include:
Automatic Calculations – The ability to automatically calculate federal, state, and local payroll taxes helps small businesses in a lot of different ways. Automatic calculations reduce the risk of unnecessary and avoidable number errors. Using payroll software with overtime calculation and eliminating manual calculations will significantly cut down labor hours for in-house accountants or payroll teams.
User-Defined Fields – Staying organized and understanding what information is in front of you is easier when your payroll software has user-defined fields. A program like AMS Payroll has up to 40 user-defined fields that you can set up for any deductions or additions, whether it is 401Ks or health insurance.
Direct Deposit – Not every business or employee prefers check printing when it comes time to provide or receive compensation. Look for payroll software that gives users options. A program like AMS Payroll supports over 30 different check types and processes employee direct deposit payroll information. That flexibility goes a long way toward supporting everyone’s interests.
Extensive Payroll Reports – Make a list and check it thoroughly for all of the payroll reports that your business needs now or will likely need in the future. Do not confine yourself or waste money on payroll software that lacks longevity.
Get Started with AMS Payroll
Do not put off getting payroll software with overtime calculation. AMS Payroll is user-friendly with an intuitive interface. The program supports either “live” or after-the-fact payroll in all 50 states, plus the District of Columbia and Puerto Rico. We support up to 1,999 payers and as many as 9,999 employees per payer. AMS Payroll has easy payer and employee setup with regularly updated state and federal tax tables to review as needed.
Along with AMS Payroll, the five other optional add-on modules are: E-File, Software Generated Forms, 1042-S Filer, Forms Filer Plus, and an Affordable Care Act Filer. Download our 1099-etc Demo software for free and see how these modules interact with the base W-2/1099 program.