Finding the right software for payroll management can be daunting for businesses of any size. The complexities of payroll processing and tax compliance can easily become overwhelming if you do not invest in the right program for the company. Look for a program that catches costly payroll errors, helps to make you aware of compliance issues, and helps reduce the volume of manual administrative work. Whether you need first-time payroll software or a better system, it is not something that you should procrastinate on taking care of for your business.
Advanced Micro Solutions Payroll Software is the best payroll solution that will save a business time, reduce errors, and ensure compliance with constantly changing regulations. AMS Payroll is an add-on module to our base W-2/1099 Forms Filer program.
Who Needs Software for Payroll Management?
There are several factors that may determine whether or not a business gets payroll software or a payroll service provider. These key factors are:
Business Size – Small businesses with small teams and simple payroll needs may benefit the most from payroll software. Investing in software rather than a payroll service provider can be a cost-effective and efficient solution. Maintain control over the entire payroll process. Reduce the amount of time that you or your team invests in running payroll once you set up the system.
Budget Limitations – Small businesses with a tight budget may opt for software that offers a lower upfront cost. Avoid ongoing subscription fees with certain software for payroll tasks. You may also find that specific payroll software is just as comprehensive and supportive as payroll providers without the excessive features.
Specific Requirements and Preferences – Having the desired amount of control over how and when you run payroll is ideal for many small businesses. You get to decide which of your tools is the most important when you look at software. You or your team can additionally make changes, generate reports, and manage the overall payroll at your specified pace.
Technology Integration – Seamless integration is a must with payroll software and any of your business’s other programs. Streamline your business’s operations with software for payroll tasks that aligns with processes like electronic filing and any of the accounting tools that you use on a regular basis. It may make sense to side-step traditional integration if you find software that has a full-accounting suite of tools for its users.
Best Payroll Software Features
Payroll software is a digitized solution that rarely looks the same between businesses, including those in the same industry. Automate how you manage employee payments and report your tax requirements by ensuring that you get certain key features.
Direct Deposit – Processing employee direct deposit payroll information is a trusted way of ensuring that everyone is paid accurately and in a timely manner. Look for software that has more than one payment distribution method. The best software for payroll management will allow you to choose how you pay individuals with different worker classifications.
Scalable Support – Even small businesses can grow and expand in different ways over time. Find a payroll program that will grow with you. Avoid outsizing your system too soon or at all if your budget limits you from getting a new system too soon after your business’s next one.
Variety of Forms – There are numerous federal payroll forms for small businesses. Determine the federal, state, and local payroll forms that your small business will need in order to stay fully compliant with the IRS. Think about how the forms that you need now may change over time.
Strong Security – Getting secure software is crucial for any business. Consider getting payroll software that allows you to independently encrypt your documents if that is what your business wants to do. Make sure that you are upfront with your payroll vendor about the full extent of the software’s security features that you will need.
Get AMS Payroll Today
Our AMS software for payroll needs can accommodate many different size businesses across a number of fields and locations. We support our software users in all 50 states, plus the District of Columbia and Puerto Rico. Calculate federal, state, and local payroll taxes automatically and with a reduced risk of errors. AMS Payroll has regularly updated state and federal tax tables to keep all users up-to-date and compliant with the IRS.
Download our free 1099-etc Demo software today and get a closer look at our full-accounting suite of tools. AMS Payroll is just one of six optional add-on modules to our base program. A full-accounting suite of tools would also include Software Generated Forms, E-File, Affordable Care Act Filer, Forms Filer Plus, and a 1042-S Filer.