Nonprofit organizations know that they are not necessarily exempt from federal taxes and they still need comprehensive payroll software solutions. A nonprofit can and should find trustworthy software that is capable of adhering to legal tax and payroll requirements. Even though they are not paying taxes on their revenue, nonprofits need efficient and timely payroll management for all of their core operations. The best payroll program will help to guarantee accurate employee payments and legal compliance for your nonprofit organization.
Advanced Micro Solutions Payroll Software processes “live” or after-the-fact payroll. The system processes employee direct deposit payroll information in a few simple clicks. Download our free 1099-etc Demo software today and see how a nonprofit can build up our accounting and payroll software for its unique needs. We offer easy payer and employee setup in all 50 states, plus the District of Columbia and Puerto Rico.
Do Nonprofits Need Payroll Software Solutions?
Getting payroll software for a nonprofit is one of the most straightforward solutions for managing your projects better. Make sure that your funds are appropriately allocated with a robust system. The best payroll software will allow your nonprofit to:
Increase Efficiency – Automate as many manual payroll processing tasks as you can with your software for nonprofits. Free up time so that the accounting team can focus on core operations. Eliminating the more repetitive payroll tasks reduces the risk of making avoidable human errors. Complete payroll management tasks in a fraction of the hours or days that it once took you.
Save Money – The best payroll software solutions will save you money in a couple of key ways. Less manual labor dedicated to completing payroll tasks means you can reduce the amount of hours that your team dedicates to payroll management. Getting software to help reduce payroll errors will also help you to avoid incurring fines from the Internal Revenue Service. Overpaying or failing to file a form can become costly if you are not careful.
Ensure Accuracy and Compliance – Stay compliant with all of the relevant regulations and tax laws. Build up your employees’ trust by avoiding penalties and by guaranteeing that each one of them is paid accurately and on time. Payroll software is also useful to create audit trails. Getting affordable payroll software solutions is not out of reach and a program like AMS Payroll will help you create detailed records in the event of any additional regulatory oversight.
Protect Data – Protecting data is always a top priority. There is always a risk of someone or something compromising data. Reliable software can help minimize the risk of disaster. Get a system that allows you to set up precautions to avoid unauthorized access and breaches. A system with payroll backup and restore features can protect your business in the event of a system failure or unexpected data loss.
Best Practices for Using Nonprofit Payroll Software
Managing payroll effectively for any nonprofit organization takes time. Make sure that you invest in payroll software solutions so that you can:
Leverage direct deposit capabilities for your employees. Transitioning from printing and mailing all of your checks to utilizing direct deposit features may feel like a leap. Getting your business reliable payroll software will make that shift easier. It is good to still have more than one payment distribution option. Give employees and yourself an option so that everyone is satisfied each pay cycle.
Offer employees competitive compensation and benefits. You likely already know the salary benchmarks for the types of employees that you hire. Make sure you get a software system that can keep up with your benefits packages. Look at features like the ability to set up user-defined fields so you can take care of deductions or additions like a 401(k) or health insurance plan.
Make available any ongoing professional training opportunities. The best part of getting a new payroll program is confirming that it is intuitive with a small learning curve. It still may help to provide ongoing and regular training for your team. Keep employees aware and up-to-date about any payroll regulatory changes.
How to Use AMS Payroll Software
Getting payroll software solutions with AMS Payroll is a proven way to provide transparent financial reporting for your employees and any agencies. Use default checks to set up any default check information. Process your employee direct deposit payroll information in the system. Easily access federal payroll forms, like the 941, 940, 943, 944, and 1040 SchH.
AMS Payroll is one of six optional add-on modules. The other five that pair with a W-2/1099 Forms Filer base program are E-File, Software Generated Forms, 1042-S Filer, Forms Filer Plus, and an Affordable Care Act Filer.