Yes, payroll software can and ideally should handle deductions, such as healthcare benefits and retirement contributions. Look for a program with the capability to keep records of employee and employer contributions. Payroll integration should make it easy to automate the administrative process of retirement contributions. Monitoring a business’s compliance will enable you to offer your employees benefits as you save your business time and money. Keep in mind that running payroll manually means that you are responsible for tracking deductions for the W-2 employees. Find software to help streamline these responsibilities and to reduce all of the avoidable errors.
Set up as many as 40 user-defined fields for deductions or additions, such as 401(k) and health insurance, with our AMS Payroll software. Download our free 1099-etc Demo software today to discover how our payroll module integrates with our core product.