Engineers have unique payroll requirements that make getting payroll software for engineering companies an essential part of the process. Whether it involves tracking labor costs or ensuring compliance with multi-state regulations, engineers know it is essential that all of the paperwork and documentation is located in an easily accessible spot. Engineers require specialized payroll solutions that can only be comprehensively dealt with using payroll software. The right payroll software will streamline the process, improve accuracy, and reduce the administrative burdens so that a business can run efficiently and stay in compliance.
Advanced Micro Solutions Payroll Software offers easy payer and employee setup for users in all 50 states, plus the District of Columbia and Puerto Rico. AMS Payroll supports up to 1,999 payers and up to 9,999 employees per payer. The add-on software processes both “live” and after-the-fact payroll.
Advantages of Payroll Software for Engineering Companies
Getting payroll software should make an engineering company’s tasks more straightforward. The best software simplifies how you:
Generate Reports – Look for software that offers your engineering company all of the reports and employment tax documents that it may need now or in the future. Make sure that certified payroll reporting features are included if the engineering company does construction bids that may require you to submit these reports.
Track Hours and Expenses – Tracking employee hours can become repetitive and error-prone if you do not use the right software system. Payroll software should integrate with time-tracking tools so that you can record work hours and monitor any overtime pay. Look for payroll software for engineering companies that can also help you manage any shift differentials.
Allocate Costs – Using payroll software to help determine where your company is spending its money will help you on several levels. Job costing features will give you a clearer idea of how to allocate labor costs for your company’s specific projects. Investing in comprehensive software is also how you can provide accurate budgeting and thorough financial reporting.
Stay Compliant – Compliance management is necessary in any industry. Engineers can get help with certified payroll requirements, union regulations, and multi-state labor laws through certain payroll software features.
What Tools Should Engineering Companies Look for in Payroll Software?
Your next payroll software for engineering companies should not create more work for you or your team. Get the most out of your program when you speak to a provider and inquire about features, such as:
Automation – Get a system with automated tax calculations and automated payroll tax filings so that you are not unnecessarily repeating the same tasks. Select a payee across payers or 1099 forms with a feature like a Common Payee File. Eliminate you needing to input the same information multiple times.
Easy Setup – Spending less time on the set-up process for your payroll system will allow you to focus on other areas of your business. Look for payroll software for engineering companies that gives you access to customer support. It is helpful to know that an expert can walk you through any glitches if they occur rather than trying to troubleshoot on your own.
Multiple Payment Distribution Methods – Those who work at engineering companies know that you will likely end up paying different workers in different ways. Utilizing different payment methods is particularly common with independent contractors versus employees. Get a payroll program with direct deposit and check printing capabilities so that you have options.
Intuitive Interface – There is no need to spend more time than necessary on payroll tasks once you complete them. Try a payroll demo before getting a new system so you can guarantee that your system is easy-to-use and will not create obstacles for you.
Why Engineering Companies Choose AMS Payroll
Payroll software for engineering companies should not be treated like a dime a dozen. Take time to find the program that best suits your company’s needs. Avoid spending money on a program that you will need to replace because you outgrew it or it does not meet your tax or payroll requirements.
Calculate your selected fields when you use AMS software. View regularly updated state and federal tax tables whenever you need them within the system. Set up to 40 user-defined fields for deductions and additions such as a 401(k) or health insurance. Download our free 1099-etc Demo software and test out these features and other ones that were designed with engineering companies in mind.