Finding the right in-house payroll software for your construction business requires careful consideration and not a one-size-fits-all approach. Business owners know that a construction firm has unique needs based on its size and location. A company needs to base their choice of payroll software on the types of workers that they hire and the types of projects that they accept. Whether you primarily onboard independent contractors or employees — or a combination of the two types — you need payroll tools that are capable of meeting the moment.
Advanced Micro Solutions Payroll Software was developed with small construction businesses in mind. The add-on payroll module supports many industries while providing specific features that a construction firm needs. AMS Payroll processes “live” or after-the-fact payroll for users in all 50 states, plus the District of Columbia and Puerto Rico.
Why Do Construction Companies Need In-House Payroll Software?
Investing in a robust payroll system is essential for construction businesses. You will need to manage complex labor costs and ensure compliance with industry-specific regulations. Get a program that offers your business:
Seamless Integration – No one wants to get payroll software only to find out that it is not compatible with any or several of their programs. Speak to a prospective payroll vendor to confirm that you can use their software with your essential third-party applications. Ensure payroll software does not create more steps for you as you import and export any data.
Automation – Importing or exporting data and other payroll information can lead to costly and avoidable errors if you are not careful. Get in-house payroll software that makes it possible for you to enter certain payroll information only one time. Having that feature will let you or your team focus on other necessary tasks while meeting deadlines earlier.
Reporting and Analytics – Gain access to in-depth reports and analytics with comprehensive and trustworthy payroll software. Utilize the program of your choice to track all relevant payroll trends, labor costs, and ensure the business’s full compliance with the appropriate federal and state agencies.
Scalability – Think about your construction business in both the present and future contexts. A company of any size, but especially small ones, do not want to spend money on new software if it is avoidable. Use in-house payroll software that is capable of growing with your business as you expand to new locations with new workers or simply onboard them to your existing location.
Best Payroll Tools for Construction Companies
There are other payroll tools that are important and specific to construction companies. Finding a program that does not require you to make any major sacrifices with your features will help a business in the long run.
Certified Payroll Report – Make sure that your first in-house program or next one includes a certified payroll report component. Construction companies already know that certified payroll reporting is essential for when you need to comply with a government contract.
Prevailing Wage Compliance – Only incorporate in-house payroll software for a construction company if you know that it can ensure accurate wage calculations for union and government projects. One of the biggest time-wasting inconveniences would be for your business to learn after-the-fact that the software never had those capabilities in the first place.
Handling Multiple Pay Rates – Few businesses in any industry pay their employees and/or their independent contractors the same way. Make sure that any software is able to support different pay rates based on an assigned job, trade, or project.
Access to Regulations – The best software will work on your behalf at the end of the day. Get a program that includes and updates your state and federal tax tables as you need to reference them. It is highly useful when a program, like AMS Payroll, shows different state and federal tax liabilities at any time by accessing a View command tool.
Why Construction Firms Prefer AMS Payroll
The best in-house payroll software has many inclusive features that go beyond what a business owner may look for from their construction payroll software. AMS Payroll supports up to 1,999 payers and as many as 9,999 employees per payer. Process Employee Direct Deposit payroll information or print MICR checks. Print over 30 different supported check types individually or by a date range.
AMS Payroll is one of six optional add-on modules to the base W-2/1099 Forms Filer program. The other five modules include: E-File, Software Generated Forms, Forms Filer Plus, 1042-S Filer, and an Affordable Care Act Filer. Download our free 1099-etc Demo software today and get started.