5 Things To Look For In A Payroll Accounting Software

Payroll solutions are one of the most important things you have to decide on when you open a small business

. When youre your own boss, your responsibility and workload only increases! When it comes to managing customers, employees, inventory and billings, you have to be thorough with the minutest details. Only the best payroll accounting software can help you manage everything. But how do you find the best payroll solutions from among the lot that is available today? Here are 5 things to look for when you choose a payroll accounting software:

Ease of Usage: Accounting is such a task on its own that nobody needs the additional burden of using an impossible-to-learn program. The interface and the workflow should be immaculately designed and organized so as to flawlessly accommodate first time users who have just recently switched from Excel.

Inventory control: A good payroll accounting software should be able to do everything from tracking stock locations, re-ordering quantities, managing preferred vendors and assemblies. It should also be able to sort by UPC or SKU, which is necessary if you plan to use a scanner and UPC barcodes for identifying your stock. A quick overview showing inventory items, reports, sales trends is always a bonus, and strongly recommended.

1.Job Costing: Payroll Solutions need a very robust job module where you can create, view and edit jobs. It should enable you to track expense details with phases. A phase, simply put, is a "cost type" associated with a cost code and description. Phases help you quickly create estimates of routine tasks anytime in the future.

2.Reporting: A competent payroll accounting solution should have customizable reporting options in huge numbers, and should include additional options like crystal reports. It should also enable you to share reports by email, and save them as PDFs and export them to Excel for seamless flexibility.

3.Payroll management: What good is a Payroll Accounting Software Solution if the payroll management is incompetent? The software should be able to store wide varieties of employee data including withholding information, custom fields, email addresses and even images. It should also offer a payroll service that can calculate taxes and provide forms too.

Take your time when you look for payroll solutions; there are other issues to consider such as licensing and pricings. You cannot keep switching payroll solutions often too. Although it may also be subject to personal preference, I find Peachtree accounting softwares up there among the best. They fit perfectly with most businesses, and there is yet to be a Peachtree accounting software that has failed to do that. All in all, something like Peachtree accounting softwares come highly recommended.

by: Robert Wiz

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