There are more than a few benefits that companies can attribute to semi-automatic and automatic payroll systems. Advancements in technology mean that the Internal Revenue Service expects greater company accuracy and efficiency. Company employees also expect that their employers will use payroll systems to ensure proper payment. Business owners can fulfill both expectations by using a computerized system. Automated systems will streamline your payroll process by reducing errors commonly associated with manual bookkeeping. Companies can also use automated payroll programs at a much faster speed.
Software tools from Advanced Micro Solutions can help you improve your time and effort spent running company payroll. Whether you need a program with easy payer and employee set-ups or want the ability to process “live” or after-the-fact payroll, our products will help save your small business time and money.
How Do Automatic Payroll Systems Help Small Businesses?
Some small business owners may regard manual payroll systems as reliable. Nonetheless, automated processing tools can help small businesses thrive in several ways.
Time-keeping Transportation – You will utilize a time-keeping system for any of your hourly workers. You must ensure that each employee’s time spent working during a pay period is accurate. Manually calculating their time clock data may result in errors. Software users can avoid these mistakes by exporting data through an automated system.
Calculating Deductions – Employers withhold certain taxes from an employee’s paycheck. The salary and wage deductions will include federal income tax, Medicare tax, and Social Security tax. Computing the deductions with automatic payroll systems helps to minimize the likelihood of your business incurring fees from the IRS.
Maintaining Records – You must keep employment tax records for at least four years to stay in compliance with the IRS. Filing the paperwork by hand can easily overwhelm a business. It may also result in a company misplacing important files. The likelihood of this happening is reduced if you electronically store them.
How AMS Payroll Saves Time and Money
Small business owners will need to calculate payroll taxes throughout the year. Investing in a software that automatically calculates on the federal, state, and local levels will help to save a significant amount of time and money. Businesses using our accounting and payroll software can also magnetically or electronically file state quarterly returns.
Our software makes record-keeping simpler, too. Users can import data from QuickBooks, PeachTree, Excel, and Tab Delimited Text files. The system will further support up to 1,999 payers and up to 9,999 employees per payer.
Small businesses will not necessarily have the software tools to effectively run payroll without external support. AMS provides small businesses with accessible and user-friendly options. If you are still undecided, contact our customer support team. AMS Payroll ($134) can provide your company with the tools to run payroll efficiently and allow you to focus on additional tasks.
AMS also offers a free demo. The demo gives potential users a baseline understanding of the program and Payroll module. Exploring demo packages can allow your company to distinguish between automatic payroll systems and find the one that best meets your needs.