Choose between the best online 1099 software and a disc-based program by paying attention to the details. Many businesses lean toward online software for reporting accessibility and security features. Try not to discount the proven trustworthiness of disc-based 1099 software. There are affordable desktop programs that offer many of the same features as an online system. Take full advantage of the added benefits. Disc-based software may keep your data more protected from hacks and data leaks. Look into software in your budget that offers a free demo. Explore what the right system will offer you based on your needs.
We designed Advanced Micro Solutions’ base program and six optional add-on modules with small businesses and accountants in mind. Customize your 1099 software without spending extra money on features that you will never use or need.
What are the Best Online 1099 Software Features?
Compare online software to disc-based software to reveal certain similarities in features. Ask yourself where your small business needs the most support leading up to and during the tax season. Basic features to look for in any style of software are:
Consistent Automation – Enter your workers’ information only one time and reduce the risk of making avoidable errors. Look for 1099 software with a Common Payee File. Select your payee across payers or 1099 forms with the feature. Automate the process further when you integrate payroll software. Set up your system to automatically calculate federal, state, and local payroll taxes. Export payroll data to W-2/1099 software with just a few clicks.
Social Security Number Verification – Verify important worker details with the best online 1099 software. Look for a 1099 system that enables you to create a Social Security Number verification file. Verify an employee’s Social Security Number directly with the Social Security Administration.
Payer Backup and Restore – Safeguard your business’s data and the data of every worker. Prevent the loss of important files with a trustworthy online or disc-based program. Access a form or record with the knowledge that the system automatically saves the opened file in the 1099 software.
A Browse Command Tool – Ask a prospective 1099 vendor if they offer a Browse Command feature with their 1099 software. Use the tool to enter the business’s data using a spreadsheet format. Consider whether an affordable disc-based program does that just as smoothly as the best online 1099 software.
Pros and Cons of Online Software
Consider the advantages and disadvantages that businesses associate with getting an online system. Choose online software for 1099 reporting if you potentially want:
Greater Accessibility – Collaborate with other team members and review data and analytics from any location. Edit and view employee information from home with on-the-go software. A potential drawback is if the software becomes too accessible. Limit which of the workers have access to sensitive documents or consider a disc-based program for a narrower scope.
Speed – Complete your 1099s and W-2s in minutes rather than hours or days. Spend less time on individual forms. Automation and batch reporting are two useful features with the best online 1099 software.
Some of the disadvantages of choosing an online program can be:
Expense – Review any 1099 software agreement before you make the decision to invest in it. Make sure to check for any hidden or extra service fees in online programs. Ask if technical support requires any extra payments aside from the base cost.
Security Risk – Inquire about how any cloud-based 1099 program protects data. Vendors do not create all systems with the same software priorities. Stay proactive to minimize the risk of data leaks and possible hackings. Make sure that you are comfortable with software security measures for sensitive information.
Get Started with AMS Software
Try not to rule out the alternatives to even the best online 1099 software. Look into disc-based software with the same features as you would look for in an online program. AMS’ W-2/1099 Forms Filer Plus operates as a core product to a full accounting suite of tools. Pair the base program with any of our six optional add-on modules for complete software integration. The possible modules are: AMS Payroll, Software Generated Forms, E-File, Forms Filer Plus, Affordable Care Act Filer, and a 1042-S Filer.
AMS software supports users in all 50 states, plus the District of Columbia and Puerto Rico. Enter the business’s data onto entry screens that look like actual forms. Calculate selected fields and utilize the Default Command tool. “Define” default values for a form, including the state codes or IDs. Download our free 1099-etc Demo software today and get started.