The world of software is constantly changing for business owners, and selecting the right combination of payroll integration software to suit your needs, is crucial for the smooth running of your company.
2. The world of software is constantly changing for business
owners, and selecting the right combination of payroll
integration software to suit your needs, is crucial for the
smooth running of your company.
3. In theory, it would be ideal to find a solution that fits every
business, but this is often easier said than done, and opting
for a more simplistic approach may mean that some aspects
of the software don’t perform as well as others, and you could
actually end up making life harder for yourself.
4. Why Is Payroll Integration So Important?
Payroll integration means that any data you have, need only
be inputted once and stored once, making things far easier
and quicker when it comes to preparing payroll for your
employees and entering data for tax purposes.
5. Some companies may choose to use a desktop product for
software and another separate software package for
accounting that has no integration with it. Time must then be
spent every month, integrating the two packages and at tax
time. Bigger companies may even have yet another software
package for their human resources, and you can only imagine
how complicated this would make matters. Not only that, but
each time data is transferred from one software package to
another, there is always the risk of errors being made. Some
software is subject to formatting and other such issues that
could end up costing you and your employees’ valuable time
and may decrease productivity.
6. Choosing The Right Payroll Integration Software
To enable you to select customized payroll software that will
cater for the unique qualities of your particular business,
there are a number of considerations to be made before you
make your choice:
7. The size of your company
How much your budget is
How familiar you are with regulatory and legal aspects of
payroll
Tax filing: One of the most complicated aspects of payroll is
correctly recording and managing taxes. To avoid costly
penalties, you must ensure that you comply with federal,
state and local tax regulations. Some integrated payroll
software offers tax filing features to help with this.
8. Direct deposit: Paper checks are fast becoming outdated and
unnecessary, and direct deposits are proving increasingly
popular. Eliminating paper checks can only benefit your
company, allowing you to save time, effort and resources,
so make sure that you look for payroll software that has this
feature.
9. Employee self-service portal: Personal payroll data can be
managed by the employees themselves with a self-service
portal; the data keeping process becomes streamlined as
the managing of employee’s personal information can be
managed by themselves, without the need for employer
intervention. Look for payroll software that incorporates
this.
10. HR integration: Your company may benefit from software
with human resources (HR) integration and accounting
software, resulting in less paperwork and automatic
updating; ultimately saving you time, resources and
money.
11. Once you’ve chosen the right payroll integration software for
you, your business will quickly begin to perform more
efficiently, and you’ll soon begin to reap the rewards.
12. Apollo Payroll offers premier small business payroll services
in Miami and Coral Gables. Apollo Payroll is dedicated to
delivering expert advice, responsive service, and highly
accurate payroll processing and reporting. Their services
include comprehensive online payroll services, employee
background check and employee timekeeping services in
Miami.