Frequently Asked Questions

Pensoft Video Library

This Video Series examines many Commonly Asked Questions about Payroll Software

What is Payroll accounting?

What is payroll accounting

Payroll Accounting is the task of calculating and recording the complete financial process typical companies report on their income statement and balance sheet.

Why is Payroll accounting important?

Why is Payroll accounting important?

Payroll accounting is important because the government mandates that all business owners comply with tax laws. Since compliance is mandatory, employers need to keep up with the federal and state employment tax regulations and procedures.

Is PenSoft Payroll Software Easy To Use?

Is PenSoft Payroll Software Easy To Use?

Yes, the PenSoft Payroll software is easy to use and simple to understand. The majority of PenSoft’s customers do not attend any type of training. These customers take full advantage of the electronic manual, online knowledge database and the FREE customer support.

PenSoft Payroll Tax Tracking and Reporting

PenSoft Payroll Tax Tracking and Reporting

PenSoft Payroll includes the ability to generate the federal forms 940, 941, 943, 944, and numerous state specific reports. Once you generate these forms, you can print them out and mail them to the appropriate federal or state agency.