The simple answer is, sort of. Payroll software handles contractor payments for many types of businesses. A business owner should look for a complete database system that allows them to generate and issue 1099 forms. The first step is to look for the most comprehensive payroll software that meets your business’s payment requirements. Do you rely heavily on independent contractors? Specific programs let you enter both payroll and non-employee compensation, as well as other 1099 information, by check throughout the year.
Know all the forms that you can access by using your accounting and payroll software. Consider the future growth of your company as well. You may not need certain forms for a small business, but look for scalable software. Consider investing in a modular accounting suite that allows you to adjust your software to meet your business’s needs. An accounting suite can offer a system that allows you to handle contractor payments in a payroll module and issue any of your 1099 forms with an electronic filer.
We offer users a full accounting suite of tools with our base W-2/1099 Forms Filer program and our optional AMS Payroll add-on module. Download our free 1099-etc Demo today to enter data onto entry screens that reflect actual tax and payroll forms.