Commons Mistakes with Certified Payroll Reporting Software

Familiarize yourself with the ins and outs of certified payroll reporting software so you can avoid any major mistakes. Businesses must complete certified payroll when they work on any federally funded project. Business accountants or payroll specialists will submit Form WH-347 to the U.S. Department of Labor. Businesses use the document to reflect employee wages and the number of hours employees worked on the project. A business must include a certified payroll report even if the federal spending does not cover the entire project’s contract.

Investing ahead of time in payroll software offering certified payroll reporting is a good idea. You may not need it now, but many payroll providers do not provide the feature with their products. You can save money in the long term by not needing to switch providers later. AMS Payroll is a one-stop shop for your payroll needs both now and in the future.


Mistakes to Avoid with Certified Payroll Reporting Software

You might make unavoidable errors at times as you do payroll reporting. Keep an eye out for the common ones that you may otherwise overlook for the sake of your business.

Misclassifications – Double-check that you are using the correct occupational classification for your business and properly classifying all of your workers. Making these sorts of errors is incredibly common and a significant waste of time for all parties involved.

Late Reports – Rely on a payroll system to guarantee that you do not process or submit payroll reports late. Invest in software to avoid any late fees or penalties and use Software Generated Forms to make the entire process more efficient.

Inaccurate Rates – Get certified payroll reporting software that ensures you report the accurate worker hourly pay rates. You can reduce the likelihood of errors once you switch from manually reporting to using a processor.

Unexplained Lapses – Make sure to always explain weekly lapses in your payroll reports. You must clarify these gaps if there is a period when your workers did not perform any duties.


Using AMS for Certified Payroll Reports

Finding payroll software that includes necessary certified payroll reporting features is one way to ensure compliance. You no longer need to manage payroll information on spreadsheets. Using these spreadsheets will increase the chance of mistakes or losing important data. Increase your accuracy with a comprehensive automated solution.

Small businesses may also use these systems for improved storage. You must keep payroll for at least three years. The stored information includes personal employee information, pay rates, and regular and overtime hours worked. Storing records digitally helps to prevent lost materials and streamlines your process when you use certified payroll reporting software.

AMS Payroll integrates with our base W-2/1099 software. Our system simplifies the reporting process for businesses that work with employees and independent contractors. We include tools for a Certified Payroll report because we understand the need for convenience and efficiency. Try our free 1099-etc Demo to see just how seamlessly our programs integrate with each other. For additional support or to ask questions, call us at (405) 340-0697.

Software Solutions from AMS

Our W-2 and 1099 Forms Filer is our only required platform. From there, users pick the services they need. Choose from the tools below to build out your customized accounting software.