Payroll is one of the most essential yet tedious aspects of a small business, but bookkeeping and payroll software can help employers make payroll more efficient. The most useful software tool is one that can handle all of the functions you need to make your investment worthwhile. Payroll software should be easy-to-use and save you time – rather than stress you out. Advanced Micro Solutions provides a cost-efficient payroll software that employers can use to better their payroll process.
Bookkeeping and Payroll Software Features
A helpful payroll software can accomplish all the bookkeeping and payroll functions you use on a regular basis. Accurate bookkeeping for your employees entails maintaining accurate files and records of compensation for each worker. When setting up a new employee file, you will need to record their tax identification number, contribution amounts, and contact information. AMS software only requires you to input this information once because the software supports up to 9,999 unique employee files. You may reference this information throughout the year, especially during tax season, so you need to keep your files organized.
In addition to inputting information, a payroll software handles all of the check generation, payroll deduction calculations, and tax form preparation. Each of these steps is time-consuming without the aid of a software tool. Doing these steps by hand also increases the chance that you will make mistakes. On top of these bookkeeping and payroll functions, payroll software prepares you for a streamlined tax reporting experience.
Why A Payroll Software Betters Your Operations
Quality bookkeeping and payroll software can help reduce errors, complete payroll on time, and free up your business’s resources.
- Reduce Errors: Payroll depends on accurate and sometimes complicated calculations. Each payroll cycle, you need to make the right deductions from your employees’ pay to submit employment taxes for the IRS and account for your employees’ insurance and retirement benefits. Doing these calculations without software makes errors more prevalent.
- Timely Payroll: The IRS has payroll tax submitting deadlines. You can face late fees and other consequences for late or otherwise inaccurate reporting. A payroll software can help you stay on top of deadlines to ensure you pay your employees on time and submit taxes to the IRS and avoid late fees.
- Better Use of Resources: One of the nicest benefits of a payroll software is that you can spend less time on payroll and more time in other areas of your business. You do not have to be an expert to utilize a software tool, so you can learn as you go.
AMS Offers Comprehensive Bookkeeping and Payroll Software
Our accounting and payroll software is an add-on module to the main tax filing software, giving you all the benefits of a payroll and tax software in one package. Small businesses benefit greatly from AMS software given the menu-driven format and powerful payroll tools. AMS takes a modular approach, meaning you can build your ideal software tool to suit your business’ needs. You can access a free demo of AMS software to try it out for yourself.