Choosing good payroll software
Choosing good payroll software programs for your business doesn’t have to be complicated. First of all, you need to determine how many employees will be included in the payroll processing and the specific functions you want to manage.
For example, you’re required by law to withhold employee wages for federal and state taxes so you know that the payroll software needs to have those calculation functions. Then if you offer retirement or other savings accounts for your employees, your payroll software will need to adjust wage amounts to reflect these contributions.
Then figure in bonuses, commissions and vacation pay if you offer these fringe benefits. Finally, will you need value-added features such as direct deposit, W-2 form at the end of the calendar year, online account access for pay stubs or payroll reporting functions? Make a list of what would best serve you and your business, and then go online to search out a good payroll program that fits those requirements.