Common payroll software tools share many of the same features. They often provide direct deposit processing, payroll reports, tax filing, and more. But many payroll products also have many unnecessary features. Some providers use these complicated processes as justification to raise a price, or perhaps install a software as a service model. While many payroll services share great features, there are certain characteristics you can skip.
It’s important to remember that the most popular payroll software isn’t always the best fit for your business. For those researching software solutions, consider AMS. AMS Payroll, our accounting and payroll software, is an intuitive and user-friendly software for all businesses. We might not be the most well-known payroll software out there, but we’re one of the most reliable. Give us a try with our free demo software.
Required Payroll Software Features for Small Businesses
Common payroll software, especially those that small businesses use, is popular for a reason. It should include every accounting-related task a company needs to process payroll. But the most widely used platforms have key features in common. For those researching new payroll products, keep the following characteristics in mind:
- Automatic Calculations: Your payroll software should be able to automatically calculate federal, state, and local payroll taxes. This should improve accuracy and reduce the risk of late payroll processing. If you have to pull out your own calculator, you’ve chosen the wrong payroll tool.
- E-File and Printing Support: Common payroll software often has an auxiliary program or feature that facilitates printing and/or electronic filing. For example, AMS Payroll, our payroll tool, electronically files forms 941, 944, and 940. Users can attach the Software Generated Forms module for printing support.
- Ability to Customize: A payroll tool should have everything you need. AMS Payroll supports up to 40 user-defined fields. These can be set up for deductions and additions, like health insurance and 401K contributions. This allows payroll professionals to customize employee payroll and simplify benefits. For added customization, users can also choose to purchase an additional software module, depending on their needs. Our tools seamlessly integrate, and this structure ensures that customers only pay for what they want.
Most payroll tools, like AMS Payroll, will have far more than these key features. But if you’re deciding between options and one platform doesn’t have all three, there’s a clear winner. The above characteristics are necessary for well-rounded payroll support. Don’t compromise on an essential service.
Get Accessible and Affordable Payroll with AMS
Whether you’re looking for common payroll software or something more specialized, AMS can help. Our software tools are user- and budget-friendly. We support businesses of all sizes and industries. If you’re not sure that AMS is the right fit, let us know. We encourage people to try our free demo software tool. Those with lingering questions are encouraged to give our Sales and Information Team a call at 800-536-1099.
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