The best accounting and payroll software helps business owners streamline and centralize financial information. Using accounting and payroll software offers owners plentiful advantages. Efficient organizational platforms will save time and help businesses avoid costly errors. They can help process account information with greater speed than manual bookkeeping. Supportive software generates on-demand reports and statements. Then, an employer can effortlessly give these documents to an accountant or potential funding source.
But how are business owners expected to choose the best accounting and payroll software? Looking to modular software solutions can provide owners with the most successful and efficient software experience.
Benefits of a Modular Software System
Business owners can add modules that reflect their business’s needs. Modular software systems are responsive and can be tailored to unique business structures. Additionally, owners can cut costs by only buying necessary add-on tools. The AMS W-2/1099 Forms Filer, one of our favorite accounting tools, provides business owners with a strong software base that also allows users the freedom to choose modules that support specialized operational demands.
Accurate Payroll Organization
Making sure that employees are paid accurately and promptly creates a healthier work environment. Owners should use a system that creates organizational solutions for stress-free payroll. The best accounting and payroll software can perform tax withholding, deductions, and wage calculations at a minimum. Oftentimes, this software also includes employee benefits, deductions, salary grade, and allowances in its programming. The AMS Payroll Software is a module that processes payroll, non-employee compensation, and some 1099 information. An additional module, the Forms Filer Plus, can be used for payroll-related forms.
Easy Tax Filing
Accounting and payroll software makes the tax filing process easier, and electronic tax management leaves less room for mistakes. Never miss a filing deadline with easy-to-use data entry that organizes and files tax information automatically. Modular tax software complies with federal, state, and local payroll taxes. AMS offers three tax-related modules. The AMS E-Filer will automatically file W-2 and 1099 forms to the IRS and SSA.
The Affordable Care Act (ACA) Filer is a helpful module for business owners who employ 50 or more employees, or owners who are self-insured. The 1042-S Filer is a module that files taxes for employed non-citizens.
Opportunities for Expansion
The best accounting and payroll system can grow with a business. In fact, business owners should look a few years ahead when choosing supportive software to accommodate a growing business. The software should be able to handle all types of 1099 and W-2 workers and cater to a business’s capacity for expansion. The AMS W-2/1099 Forms Filer supports up to 99,999 employees for just this reason. Business owners can plan on growing without switching software tools.
AMS Software Solutions
AMS provides a software framework that allows businesses to customize modular software based on their particular bookkeeping requirements. Business owners who are hunting for the best accounting and payroll software should start with the W-2/1099 Forms Filer and add modules based on their company’s financial and organizational needs.