When looking for payroll software, keep in mind that the best payroll companies offer many services. What may make sense for a large company, may not serve a small business well when running their payroll. Ultimately, these companies should help you with a few generic features. A business should be able to process payroll, calculate and file payroll taxes, and generate payroll tax statements. If you run a small business, consider the below information when selecting your ideal payroll software.
Why Use a Payroll Service?
A payroll service provider will process your payroll calculations and your company’s year-end taxes. Businesses have different options to choose from as far as how they run their payroll. You can run payroll in-house, through a bookkeeper, online, or with software. A benefit of the best payroll companies is that you can more easily pay your employees and any independent contractors. Some people may be averse to using a software since it requires your own time to input the data. However, most software comes equipped with automated options to save you time throughout the process.
What You Want in Payroll Services
Take some time to explore different payroll providers. Not all providers will offer your company the same level of service. As a small business, look for these elements:
Features – Look for a provider that offers multiple payment options. These can include paper checks, direct deposits, and prepaid debit cards. You should confirm whether they provide a detailed payroll report, PTO management, or even garnishment payments.
Simplicity – It may seem intuitive, but do not invest in a payroll service that confuses you. You should not need to learn on a curve for something so integral to your business’s success. The best payroll companies offer easy-to-navigate interfaces. You should be able to run payroll in a matter of minutes.
Cost Effective – Compare payroll services and see which one your business can reasonably afford. Look into whether or not the service also requires any contractual agreements. Some services may require monthly contracts, while others expect yearly commitments. Review how often you run your payroll before making any big decisions.
Support – A strong customer service arm makes a big difference in a payroll service. Confirm if you will have a support representative if any issues arise when you run your company’s payroll.
Reputation – A payroll company’s reputation can make or break your own business. Search for a provider with a reliable and strong track record. Many times, you can look for positive reviews online. By doing so, you will know more about other businesses’ experiences and successes, or shortcomings, with them.
How Can AMS Meet Payroll Needs?
If you choose to run payroll with software, our accounting and payroll software works as an add-on module to our W-2/1099 Forms Filer. You can enter payroll and non-employee compensation by check throughout the year. What makes us one of the best payroll companies is our software supports over 30 different check types. It also prints client letters and creates SSN Verification files.