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How do I Choose the Best Payroll Accounting Software?

Article Details
  • Written By: N. Madison
  • Edited By: Jenn Walker
  • Last Modified Date: 30 November 2016
  • Copyright Protected:
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    Conjecture Corporation
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Payroll accounting software makes it easy for companies to process payroll and handle all of the accounting tasks that go along with recording and processing payroll. To get the most out of payroll accounting software, however, you may need to spend some time deciding which software is right for your company. This usually means comparing software based on user-friendliness, features, and price. You may also compare web-based programs to those designed for desktop use.

One of the most important things to consider when you’re looking for the best payroll accounting software is whether or not it is user-friendly. You may choose an affordable program that includes all of the features you need, but discover that it is difficult to use. To avoid this, you may look for reviews of popular software to see which ones are described as the most user-friendly. Some payroll accounting software companies may also allow you to test their software online or use trial desktop versions. By taking advantage of free trials, you can learn which program will be easiest for you and your staff to use.

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Features are also important when you are attempting to choose the best payroll accounting software. Depending on your business, you may need to generate paychecks not only for hourly employees but also for salaried individuals and independent contractors. You may also want software that tracks an employee's days off as well as his employment history and contact information. If the ability to transfer records to other modules is important to you, you’ll likely want to look for software that provides this feature as well.

You may also find that you need payroll accounting software that allows you to print a variety of records. For example, you may need to print a payroll-related record at an employee's request, at tax time, or because of an audit. As such, you may do well to choose a program that allows you to store and print recent records as well as older documents.

As you compare payroll accounting software, you will likely note that there are online options from which you can choose. If you have a smaller company, you may find that a web-based program is less expensive and makes it easy for you to handle payroll accounting for your employees. Often, web-based versions also allow you to choose only the features you need, which may help you avoid paying extra for features you don’t need. In many cases, though not always, larger companies prefer desktop payroll accounting software. Once you've narrowed your list, you may do well to choose the option that offers the features you need at the lowest price.

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