New business owners exploring online payroll software for small business needs should know a few things. The most important thing to understand is that running automated payroll is better than manually reporting it. Remembering it does not mean that you should disregard how some payroll software supports one business better than another one. Running payroll online may work for certain small businesses who choose not to keep their accounting and bookkeeping in house. Yet there are legitimate reasons to consider all of your payroll management options.
Advanced Micro Solutions is one option with a modular suite of tools for accounting and payroll needs. Small businesses can file end-of-year tax forms or quarterly unemployment forms with a few simple clicks. The disc-based W-2/1099 Forms Filer has its own powerful set of payroll tools that can be an alternative to outsourcing payroll support.
Why You Might Need Online Payroll Software for Small Business Management
Running payroll is not just about delivering paychecks to employees or independent contractors. A good program is cost-efficient and accurate. Consider the following ways that online payroll software can streamline your day-to-day bookkeeping tasks.
You will not need to train your workers. Payroll specialists know how to manage payroll, but the average worker must train in order to learn the ins and outs. Training a worker takes time from other duties. Additional training may also cost your business more money in the long term.
Employee tax information is always accessible. Businesses may find it restrictive if they can only access employee and business data in the office. Getting online payroll software for small business means that you can view tax and payroll data as long as you can access the internet.
It reduces the risk of non-compliance. The right payroll software includes and updates state and federal tax tables. Online software can also help you stay compliant by correctly and legally managing specific payments. It may include employment, disability, or family leave payments.
Employees can review their benefits. Check if your online payroll system lets employees view and update their information. Easy accessibility to information related to benefits, insurance, and retirement can make a positive difference in a workplace environment.
Online Payroll Software vs. AMS Payroll
Every online payroll software for small business companies differs. The good news is that some vendors work to create foundational features that any small business can utilize. AMS Payroll is user friendly and excellent for meeting small business payroll software needs. Small businesses can set up as many as 40 user defined fields for deductions or additions, like 401Ks or health insurance. The software automatically calculates federal, state, and local payroll taxes.
AMS operates as a reliable alternative despite not existing online. You can access payer backup and restore features. You also do not need to worry about your computer’s connectivity or the risk of a third party hacking your system and leaking any data–an important distinction from our competitors. Explore our accounting suite or base software offerings with our free software demo. Call customer support at (405) 340-0697 to seek additional guidance.