Small businesses benefit from small business payroll software in ways that can be unique from larger-scale companies or industry chains. Payroll software helps protect any business and its employees from facing complications that can arise with the Internal Revenue Service if there are inaccurate payroll and information returns. Mix-ups or oversights can be detrimental to a small business that cannot afford to pay steeper penalties or fines. There is affordable payroll software that can work for your business and simplify payroll management tasks. Whether you need your first program or want to replace an existing one, you should not delay the process.
Advanced Micro Solutions Payroll Software is part of a larger customizable system that supports small businesses in all 50 states, plus the District of Columbia and Puerto Rico. Process “live” or after-the-fact payroll with the program.
Advantages of Getting Small Business Payroll Software
There are many compelling reasons for small businesses to invest in payroll software. Payroll software tools are designed to ensure compliance, help to automate repetitive tasks, and much more.
Cost Savings – Reduce the need for extra manual payroll labor when you invest in software. It will give your employees the chance to work on their main tasks and to automate a lot of the payroll process. The right payroll software will save you money as long as you find one that is scalable. Look for a system that eliminates the need for big upgrades as a business grows.
Efficiency – Reduce the risk of making human calculation errors with small business payroll software. Automating repetitive tasks should include streamlining how you calculate all wages, deduct any taxes, and process the direct deposits. There is no need for any business’s payroll tasks to take hours or even days with comprehensive software.
Compliance – Complying with tax laws and regulations may seem obvious, but it is no less arduous. Use payroll software to maintain the trust of all employees, regulatory bodies, and potential clients. Rely on precise algorithms rather than human calculations to calculate any wages, taxes, and deductions. Trustworthy software will leave you with detailed records and audit trails to stay compliant and for your safety.
Better Security – Payer backup and restore features should be a top priority when you buy small business payroll software. A system failure or data loss does not guarantee that your business will receive extensions or avoid penalties. Make sure you can limit who has crucial data access within your program.
What are the Drawbacks of Payroll Software?
There can always be challenges with whichever payroll method you choose for your business. Make sure to keep the potential disadvantages in perspective. They may not be a lasting issue for your business, but you do not want to find out too late that they pose a bigger problem.
Learning Curve – It can be a tough transition for employees who are not used to running the payroll to suddenly have that responsibility. Small businesses need user-friendly and intuitive small business payroll software. Even if some employees are tech-savvy, the time-consuming training can take away from focusing on other important tasks.
High Price Tag – Employee training costs, software purchasing fees, and any upgrades to your business’s software can put a strain on your budget. Make sure that you get affordable software that does not come with any hidden fees and fits within your spending range.
Technology Dependence – You may not wish to take time away from your core operations to focus on software needs. Whether you get your own program or hire an accountant who takes care of the books for you, it is important that you know any software is trustworthy. Taking care of payroll in-house means making sure that you understand the vendor’s reliability and whether factors like internet connectivity could become an issue.
Ongoing Maintenance – Payroll software maintenance involves more than making sure that a program is up-to-date. Ensure that your system is always compatible with the other accounting or third-party applications that your business utilizes. Troubleshoot by getting a full-accounting suite of tools that includes already-integrated payroll software.
Is AMS Software Right For My Business?
Our small business payroll software operates as an add-on module to our W-2/1099 Forms Filer base program. Businesses can skip the extra integration steps with our all-in-one system. These programs may also coordinate with our: E-File, Software Generated Forms, Affordable Care Act Filer, Forms Filer Plus, and a 1042-S Filer. Download our free 1099-etc Demo today to see how AMS Payroll allows you to store data locally while entering payroll and non-employee compensation by check throughout the year.