Recruitment companies have unique accounting needs. But staffing payroll software doesn’t have to be complex. These businesses often deal with several clients at a time. They help to retain and/or pay full-time, part-time, and contracted workers for those businesses. The staffing company may handle payroll, but payment can also come directly from the client. To add complexity to this accounting, all companies involved in temporary or recruited hires must adhere to federal, state, and local tax regulations. When assessing the whole, payroll for staffing and recruitment companies can be a daunting task for even the most seasoned accountants.
Staffing payroll software should be able to handle different types of workers, accounts, and specific tax and wage requirements. Advanced Micro Solutions offers exactly these services – all at an affordable cost. With us, companies in need of payroll software for staffing and recruitment companies will find everything they need.
Staffing and Recruitment Companies Have Unique Payroll Needs
Staffing agencies offer temporary worker solutions and recruiting services. This means they’ll handle several types of workers and clients at once. Their clients are the companies to whom they provide workers. These complex and ever-changing parts mean that staffing payroll software should have certain features to help facilitate a company’s servicing. This should include:
- Multiple Worker Support: At any given time, staffing payroll software will need to support both full- and part-time W-2 employees, as well as a variety of 1099 workers. When looking for a payroll tool, prioritize software that supports every type of W-2 and 1099 form available.
- Worker Customization: Handling pay for workers with different companies can be difficult. Prioritize software tools that provide user-defined fields. These fields allow for company-specific deductions or additions, like retirement contributions and health insurance.
- Multiple Payer/Payee Availability: Staffing companies provide workers to multiple businesses. Sometimes, those businesses may want to handle payment themselves. To get the flexibility you’ll need, look for payroll tools that support a large number of payers and employees. For example, Advanced Micro Solutions supports up to 1,999 payers and up to 9,999 employees per payer.
- Automatic Tax Calculation: Even after workers are properly allocated within a staffing agency’s network, there’s still the matter of routine tax and wage calculation. This should be the easiest part of the process. Look for payroll tools that automatically calculate federal, state, and local payroll taxes.
Payroll software should be able to handle a complicated company structure. But that doesn’t mean the software itself should be difficult to manage. For those in need of the above features, consider Advanced Micro Solutions. Our software is intuitive, user-friendly, and easy to operate.
How AMS Can Help
AMS Payroll, our accounting and payroll software, has everything a staffing company needs to run a successful business. We offer more than support for multiple types of workers, employee customization, large payer/payee allowances, and automatic tax calculations. AMS Payroll can also electronically file certain payroll forms. This is an excellent solution to a complicated accounting problem. If you’re in the market for a new payroll tool, let us know. We’d be happy to speak on the phone at 800-536-1099 or walk you through our free demo software.