Getting in-house payroll software for small business needs can be a smart choice. Outsourcing payroll management to a third party costs money that your company can better utilize elsewhere. You also gain greater autonomy over how you run payroll when you keep it inside the company. Still, managing the company’s payroll requires careful consideration and great responsibility. Whoever is in charge will need to familiarize themselves with the ins and outs of payroll legalities. Getting a program to guarantee payroll accuracy, consistency, and efficiency can also make a big difference.
Advanced Micro Solutions offers these features and more in our accounting and payroll software. The tool is an add-on module for the base W-2/1099 forms Filer program. Our software provides small business solutions, whether your company needs more reliable tools from an in-house payroll software for small business or year-long processing options.
How In-House Payroll Management Can Improve Your Company
Modern businesses invest in payroll software to more accurately report what they paid their workers. They then file these reports with the Internal Revenue Service. Getting in-house payroll management software can help you manage these daily duties in several ways.
Better Organization – Creating makeshift spreadsheets or reporting by hand is a thing of the past. Try downloading a trial version of your new payroll software before investing in it. Using available demos will put you in a good decision-making position.
Pay Period Flexibility – You can reduce your payroll burdens by adjusting frequency and payday dates. Use in-house payroll software for small business needs to determine if your current payment cycle works or hurts your business. You may even be able to significantly reduce administrative duties and focus on other business responsibilities and goals.
More Informed Employees – Educating employees about payroll is another added benefit of getting in-house software. Companies run smoothly when workers know what forms an HR or accounting representative needs to pay employees in a timely manner. You can also highlight any payday policies or address residual confusion.
Greater Attention to Detail – Payroll managers must be detail-oriented. Running payroll for the first time can be confusing, whether your business has three employees or 300 employees. Take time to consider who is best suited for the role and is fully aware of the responsibilities.
Why Invest in AMS?
Businesses looking for in-house payroll software for small business requirements can use Advanced Micro Solutions’ easy payer and employee setup. Payroll managers can add up to 40 User Defined Fields for deductions or additions such as 401K or health insurance. The software also supports more than 30 check types.
Managing payroll in house helps businesses keep a closer eye on the books. You can also minimize the number of hands who have access to your secure data. Find which AMS package makes sense for your company with our 1099-etc Demo. Reach our support team with questions by calling 1-(800)-536-1099.