Small Business Payroll Software

Archive for May, 2010

This step by step video explains the complete process of completing and filing a 1099 form with CenterPoint Payroll Software by Red Wing Software. CenterPoint Payroll Software is used by businesses and agribusinesses throughout the United States. For more information about CenterPoint Payroll Software, please visit www.redwingsoftware.com/payroll.

Affiliates Earn 75% On Step By Step Internet Business Guides To Earn Money Online And Market Today As Internet Money Portal, Google Business Solution, Domain Trading Business, Niche Internet Business Websites, Podcasting, Backlinks Marketing, eBay(R) Today.
Next Generation Internet Business Store For Business And Marketing.

Tax law may get more businesses to go high-tech
NEW YORK Tucked away in the health care overhaul bill that became law this year was a provision that will require small business owners to keep better records of what they buy. They’ll also have to report some purchases to the government.

Read more on The Photo News

For Small Businesses & Handcrafters Who Desire To Wholesale Their Product(s), Or Dream Of Seeing Their Products Sold In Commercial Establishments. Also For Those Who Already Sell Wholesale, But Would Like To Improve Their Business.
Small Business & Handcrafters Guide To How To Wholesale Your Products.

McKee Foods, a leader in the snack cake industry, wanted to drive the cost out of their IT footprint. In choosing Workday SaaS solutions, McKee saved hard dollars, painlessly implemented Workday Payroll, and introduced employee self-service to their workforce. Watch the video to learn more.

Heartland Payment Systems® Commercially Launches State-of-the-Art Payment Card Security Technology
CHICAGO—-2010 National Restaurant Association, Hotel-Motel Show ― Heartland Payment Systems® , the nation’s fifth largest payments processor, has commercially launched its new, state-of-the-art payment card security technology — making it available to merchants and business owners nationwide.

Read more on Business Wire via Yahoo! Finance

Revolutionary Time Tracking Software For Your Business. Keep Track Of Employee Working Hours Easily. Print Payroll Reports With Just A Few Clicks. Excellent Time Clock Replacement.
LionClock.

 

Are you still manually calculating your employees’ federal and state withholdings? Tired of paying for software features you do not need or use? Small business owners do have inexpensive and effective solutions available to them. You can now find complete payroll accounting software that fits the needs of most users regardless of their payroll requirements.

 

The Top Ten Features of Payroll Software

 

1. Automatic Tax Calculations

 

Payroll Software should automatically calculate net pay, federal withholding tax, Social Security tax, Medicare, state and local payroll taxes. This feature greatly reduces the time to prepare payroll for business owners whom still manually calculate their withholdings. The software provider should have the most up to date tax tables and stand by their software’s calculations.

 

2. Customizable Deductions, Incomes and Tax Categories

 

Payroll software that can be shaped to fit your businesses personal needs is an asset at all levels. Your Payroll software should allow for the creation of custom made deduction categories. Also automatically calculate deduction, and tax categories that are entered into the software and keep track of all of the various categories you have created. User defined incomes and tax categories will also allow the business owner to create situations that may be unique to their specific company making it very flexible and powerful.

 

3. Federal Forms

 

Payroll forms are complex. Simplify your life by choosing payroll software which can reliably complete your federal forms including W2 forms, 941,940 and 944 forms. A W2 module with the ability to create laser substitute W2 A forms can be a tremendous plus. This can help you save time, save money, and stay in control.

 

4. Business Reports

 

Most stand-alone packages will allow you to create electronic reports of payroll that can be printed or exported in different formats. These reports allow users to get an overview of their payroll history and pull up records for various dates within the tax year. A variety of reports is useful being that each business owner needs different information for different purposes. Examples of these reports are tax liability, journal details, journal summary, and employee earning total, deposit requirements, payroll taxes, payroll details, and pay periods.

 

5. Check Printing

 

Payroll software can support two options for check printing. The first option is printing employees’ checks to a preprinted check. This will require the business owner to order compatible payroll checks. The second option is to print your own checks. Business owners who do this now know this requires MICR ink and check paper. Software that offers both options is ideal since each business owner has their own preference.

 

6. Direct Deposit

 

Today so many companies have turned to electronically paying their employees. Direct deposit is a feature many companies could utilize. The fact software offers direct deposit is a reflection that the company is moving forward with technology.

 

7.  Sense of Security

 

A stand alone in-house Payroll Program can give business owners a sense of security. Strangers are not privy to company and employees’ personal information. The program can not be viewed online by computer hackers.

 

8. Technical Support

 

Does the software company provide technical support? Does the support come at a cost? Technical support that is free of charge, convenient hours of operation and multiple ways of communication are a benefit to the user. Cooperative, courtesy and accommodating support staff can enhance the users experience with the software.   

 

9. Simplicity

 

Not too complex and not too simple is appealing to many businesses. Wizards to guide the user through the set up process of the  Payroll Software can only be an advantage.

 

10. Cost

 

Some payroll providers require customers to purchase multiple modules at a steep price regardless if the customer needs or will use the added features. The idyllic software will be low cost basic software that the customer can adapt to their needs. Business owners should be able to choose the features that they require and only have to pay for those specific features nothing more.

 

The big benefit of a using a stand-alone payroll package is that you can select and use the finest application that delivers exactly what you require in payroll processing. There are an abundance of easy to use and flexible payroll solutions available to meet your requirements.

 

 

 

You need people to run a business unless you happen to be a one-man-industry. So, if you have employees, you have payments to make, taxes to deduct from the salaries and send the deducted money to the state exchequer. In case of larger establishments, these things are taken care of by the professionals, who are experts in the area, which takes the accounting load off the higher management.

But if you own a small business, you need to take care of the payroll all by yourself. The old paper system, quite obviously, is too cumbersome and time consuming to fit today’s business needs. Therefore, what you need is an efficient payroll accounting software.

A small-business payroll software manages payroll and taxes in a small business establishment. Now, you may be in a fix as to whether or not your establishment is a small business. The answer is quite simple. If you have less than 500 employees, your business is small business for the purpose of getting an accounting software. In other words, irrespective of how much revenue it generates or the amount of profit you might be making, if you have less than 500 employees, you just need a payroll accounting software designed for small businesses.

The tedious tasks of figuring, documenting and executing a payroll is made easy by payroll accounting software whether it is on monthly, biweekly or weekly basis. So far as the cost of the software is concerned, it depends upon the number of employees and the duration of payment. Other than that, the state where your company is located together with the tax procedure followed also matter. These factors influence the features in the software, which, in turn, affects their prices.

Executing payroll is a complicated process and involves skilled manpower. That’s the reason why even small businesses have to have full time employees specifically for this purpose. A payroll accounting software reduces the necessity of the payroll executors and makes the whole exercise far smoother, faster and accurate. What is further heartening is the fact that these software are constantly evolving and are getting faster, friendlier and more accurate.

While choosing a payroll accounting software you must also keep in mind the growing needs of the company. So, get a software that is flexible enough to accommodate a reasonable amount of work expansion. It is also advisable to purchase the software that comes with an assurance of an up-gradation later in time. The best deal is the one that give you the most for the least.

As small business owner, you may have to take care of the payroll all by yourself. Many people like you who start their own successful companies are intelligent, have field experience and an entrepreneur spirit to get things done. However, when it comes to accounting, and in particular payroll jobs, they often stumble. Figuring out the income tax, 401K and insurance contributions in generating each payroll check can easily take an hour or more each week. Why not to save an hour to be better spent earning profits or at the very least having an extra free hour to enjoy life? Most of small business owners have to work from dawn to dusk 7 days a week, some even think about to work 25 hours a day if they could.

Unless you are an accountant, you didnt get into business to spend all your time doing payroll. You need to spend your time running your. Yet payroll activities are critical to your business. After all, a paid employee is a happy employee and your business runs better when employees are happy.

Payroll data needs to be secure. You do not want banking and personal information like social security numbers getting into the wrong hands. Nor do you want to risk losing your data to hard-drive corruption or other data-loss events. Outsourcing your payroll can be either advantageous or dangerous when it comes to securing your payroll data.

Following are security issue you should think before you decide your payroll processing:

1. Payroll Software

Inhouse application may be an easy, safe and affortable payroll processing method for a lot of small businesses. Some payroll applications, such as ezPaycheck from halfpricesoft.com, support data backup feature and do not require internet connection at all.

Assuming you have adequate security measures for your computer system, including firewalls, secure data back-ups and 128-bit password encryption, using in-house software is a reasonably secure way to handle payroll. You will know exactly who has access to your records and no data needs to be transmitted across the Internet.

2. Accountants or Payroll Processing Firms

If you are considering hiring an accountant or small firm, make sure you ask about their security and back-up systems.

Large firms often have secure processes, hi-security computer servers and back-up systems to keep your data safe. These firms are likely to have better data encryption and security than you will be able to put in place yourself, so you can be sure your data is safe. Small firms and solo-accountants are not likely to have the same level of security as large firms and computer systems may be vulnerable to hackers or data losses.

3. Online payroll processing service

Web-based services may or may not have adequate encryptions, security and back-up systems. Make sure you ask about security and find reviews on potential outsourcing sites before you buy. And if your own computer systems are insecure, it will not matter how secure the web-based service is because your data transmissions will be vulnerable to hackers when you send data over the web.

Every business is unique and while payroll software is often an efficient, cost-saving payroll solution for most small and mid-size businesses, you may find that you enjoy the freedom and expertise of hiring an accountant or payroll service. Only you can decide which is right for your business.

For More Information Please Contact:

halfpricesoft.com P.O. Box 17067 Louisville, KY 40217 USA

email: contact@halfpricesoft.com

Fax: (866) 909-6448