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Payroll Software

Processing payroll is required of all companies to manage for their employees.  To help you find the top payroll software for 2014, we review many of the high-end providers along with free to use systems.  Our reviews indicated the best payroll software saves you time and money while seamlessly tracking employee information and manually processing their payments. As your company grows larger, downloading a quick and easy payroll system online is imperative.  You have two options as a company owner; outsourcing your payroll software system to a 3rd party provider and keeping the system in-house. Outsourcing makes the process significantly easier, however you lose control of the process.  Keeping the payroll system in-house allows you to manage and organize with full control while having true flexibility. To help you find the best payroll system for your organization, we've reviewed several software companies and analyzed the pros and cons of each. 

free payroll software HR solutionsWe start off by helping your business understand what the best online payroll software solution should entail.  Accounting and payroll processing software downloads keeps track of employee compensation and benefits, including wages, bonuses, vacation pay, time-off and benefits.  Some of the best payroll software solutions also track of health insurance, educational assistance, moving expenses and retirement plans such as 401k.  As you process employee data, the system makes bookkeeping easy by calculating state, local and federal taxes including Medicare, unemployment, disability insurance and Social Security.  Many of the higher-end solutions also allow you to print checks, employee direct deposit, reimbursements and business expenses such as travel.


We break up payroll tax software systems to fit three general categories including small, mid-sized and large businesses.  A smaller end company with less than 50 employees can get away with a cheap bookkeeping software solution that is simply dedicated to payroll without all the bells and whistles that larger companies demand.  Small business online software can be found to download at an inexpensive price point and most times beginning with a free trial.  A medium size company that has more than 50 employees usually cannot get away with a freeware software, but still wants an easy payroll program that includes more functionality like a human resources management system.  Larger businesses will utilized an online HR payroll software service called an enterprise planning package (ERP) that not only includes payroll processing, but also human resource and accounting functionality.  ERP solutions are considered a certified payroll software system.


online payroll bookkeeping software reviewsBefore you download free online payroll software, be sure it includes a built-in calculator.  Payroll taxes include Federal, State, Social Security and Medicare.  A free payroll calculator easily processes these taxes for employees by computing their gross pay from the programmed time sheet.  The data includes tips, commissions, bonuses and overtime.  The best payroll calculators determine how much federal income tax to withhold and cross check your employees W-4 the withholding allowances and filing status.  Finally, this small business accounting software seamlessly calculates employee contributions for Social Security and Medicare taxes.  Some of the best business accounting software also includes a paycheck calculator for easy payroll processing. 


As mentioned above, the best small business accounting software includes an easy to use paycheck calculator.  This built in calculator makes tax management easy for a small business by calculating your employee’s federal, state and local payroll taxes.  In addition the taxes are filed and paid automatically with the government agencies making the overall business management easier for your accounting department.  Start by reviewing free bookkeeping software downloads or programs that don’t cost anything to trial.  Free small business accounting software packages are most times not very intuitive and don’t include the detailed functionality of a higher end solution.  However, for a small business owner, we recommend starting small to find what works best for your company.


 



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