Construction companies of all sizes benefit from investing in construction payroll software. The best payroll software for construction firms helps to streamline your payroll tasks, track all labor costs, ensure total compliance with regulations, and generate accurate reports. There is not a one-size-fits-all approach to payroll software in any industry. Take into consideration what your construction firm needs rather than the tools that other construction firms may use on a regular basis. Whether you need your first program or a better functioning system, it is important to do some research into the best option for you.
Advanced Micro Solutions Payroll Software supports construction firms in all 50 states, plus the District of Columbia and Puerto Rico. AMS Payroll is one of six optional add-on modules to our base W2/1099 Forms Filer program. Our system is comprehensive and offers easy payer and employee setup.
Who Needs Construction Payroll Software?
Even a small construction firm needs support when it comes to getting their paperwork and reports organized. Construction software is beneficial for:
Construction companies who work on multiple projects. The best software for construction companies will help you to track your firm’s labor costs on a per-project basis. Tracking a labor cost that way makes payroll management easier in a few ways. Simplify how you manage your budgets and figure out the key areas where you can save money. The cost-saving findings will benefit the firm’s overall efficiency and profitability.
Construction companies with union labor. Generate all of the necessary reports and the required documentation for each type of worker that you employ. Utilize construction payroll software like AMS Payroll. Supports payroll, non-employee compensation, and other 1099 information. Confirm that you will not have issues covering the firm’s union-related payroll.
Construction companies that take on government contracts. There are different regulations and expectations for construction companies that work on government contracts. Many of these types of projects require construction firms to generate and submit certified payroll reports. Find payroll software that allows its users to accurately and efficiently fill out these documents and all other necessary reports.
Construction companies with multi-state operations. Handling all of the complexities of multi-state payroll can become difficult if you are a small construction firm without an actual accountant taking care of the books. Construction payroll software is able to take care of a variety of different union withholding requirements and multiple tax regulations.
Best Construction Payroll Features
Some of the best construction payroll features to invest in are the most basic payroll tools. The right features will help your firm stay compliant and ahead of major deadlines.
Payroll Form Support – Getting as much support as possible out of your payroll software for a construction company often boils down to the forms that are included. Trustworthy software like AMS Payroll supports federal payroll forms like the 941, 940, 943, 944, and 1040 SchH. Getting a system that offers SUI forms for all 50 states, plus the District of Columbia and Puerto Rico, is also worthwhile.
Easy Importing and Exporting – Construction payroll software should not create more work for your company. Think about the third-party applications that you use on a regular basis and make sure that your payroll software integrates with them. Confirm your software’s usability in advance so that you do not purchase it and then discover that it is not fully compatible.
Automation – Calculate federal, state, and local payroll taxes automatically with a good payroll software system. Spend less time reviewing your forms or correcting avoidable errors. Get your construction firm a system that minimizes how often you need to input the same information.
Flexible Payment Distribution – Reliable payment distribution methods are essential, whether you prefer to stick to check printing, process employee direct deposit information, or do some combination of the two options. Give a firm some flexibility with software that lets users decide which one they use based on the types of workers who are employed there.
Is AMS Payroll Right for My Firm?
Our construction payroll software processes “live” or after-the-fact payroll. Set up as many as 40 user defined fields for deductions and additions like 401(k) or health insurance. Print more than 30 different supported check types individually or by a date range. Software users can also print client letters and access certified payroll reports.
Download our free 1099-etc Demo software today and see which software tools might work best for a construction company. Along with our payroll module, our modules also include: Software Generated Forms, E-File, 1042-S Filer, Forms Filer Plus, and an Affordable Care Act Filer.