Small business owners across different industries need 2023 small business payroll software to streamline their payroll management duties across all the various changes this past year. Trustworthy payroll software benefits employees as well as employers. A good and up-to-date system improves employee retention for businesses that rely heavily on reliable workers to keep their doors open. Take a moment to consider the tools that your business needs the most in its payroll software. Whether you want to eliminate buying tax forms or prefer to electronically file your documents, we have customizable options.
Advanced Micro Solutions offers users a base W-2/1099 Forms Filer program with six optional add-on module options for a full accounting suite. Determine which set-up serves your company best now and in the future. Our AMS Payroll add-on module is scalable and supports as many as 9,999 employees per payer.
What Should You Look for in 2023 Small Business Payroll Software
Choose the right software for your specific business and avoid making short- and long-term costly mistakes on the wrong software by using a checklist to consider the features that you need the most.
Easy to Upgrade – Any software should possess the ability to grow with your business over the next few years or the next ten years. Small businesses benefit from a straightforward, affordable payroll package. Check what upgrades your vendor offers and how you can build your system.
Free Software Demos or Trials – Evaluate your next software by using your own data. Test out a system’s usability while making sure the vendor does not have you on the hook for a demo or free trial. Demos for 2023 small business payroll software can save you money in the long term.
Easily Integrated – Always take into consideration whether your new software will integrate with your other business software. Save money when you ensure that you can pass any data automatically from one system to another. One program that offers a full accounting suite will minimize the back-and-forth processing. It will help to eliminate the potential cost of realizing that you need a new program too late.
Versatile Payment Options – Expect more from your payroll provider than a glorified calculator or simply a data archive. Look for payroll processing software that you can customize with your specific business in mind. Make sure that direct deposit options are available if your employees prefer remote payment or you do not want to print checks.
Broad Geographic Reach – Invest in 2023 small business payroll software that you can utilize for a business or employee in multiple states. Do you want to expand your small business in the future? Look for a system that lists your current state and local requirements and the others that may be relevant one day. Are you hiring more remote workers? Consider payroll software that functions and keeps you compliant across the entire country.
Pros and Cons of Payroll Software for Small Businesses
Companies must decide at any size whether they want payroll software or payroll services. The two types of payroll management styles come with their own benefits and drawbacks. Consider the potential pros and cons of using 2023 small business payroll software before you make any final decisions.
Pros of Payroll Software
- Saves Time – Automate your tasks and eliminate the need to manually run the payroll. Refocus your attention on employee management and other big business operations.
- Full Control – Make quicker and more efficient decisions on your own without needing to consult a third party. Create reports as you need them and review payroll taxes each quarter ahead of any major deadlines.
- Greater Security – Implement encryption or two-factor authentication features when you control your payroll software. Protect your company and employees’ sensitive data when you limit access to your system.
Cons of Payroll Software
- Greater Manpower – Hiring experienced payroll staff may exceed your budget. Review your company’s numbers and consider whether your software will need someone highly proficient in bookkeeping.
- Potential Penalties – Payroll errors often result in penalties from the Internal Revenue Service. Outsourcing payroll may improve your overall accuracy with payroll tax filings.
- Learning Curve – Find software with minimal required training or experience. Save on training resources with simple, easy-to-use software.
Using 2023 Small Business Payroll Software from AMS
Download our free 1099-etc Demo software today to see how you can build out your company’s own accounting suite of tools. We support payroll in all 50 states, plus the District of Columbia and Puerto Rico. Process employee direct deposit payroll information or print over 30 different check types.