Payroll Program – Improve efficiency and reduce costs

Payroll Program – Improve efficiency and reduce costs

The payroll program is required to manage employee information, hours worked and all related necessary information required by the payroll and payment of your employees.

A basic payroll program can meet most of your needs in the beginning, but over time and as you grow, there will be areas that need to change with your business. As businesses change and continue to strive for greater efficiency and cost reduction, there are a number of areas to consider in your payroll program to make improvements. Consider payroll features that can reduce staff resources and reduce costs for paper, printing, check balances, envelopes and postage.

Payroll program capabilities that help improve efficiency and reduce costs:

Pay by direct deposit

Transfer payment electronically to employee bank accounts instead of issuing printed checks.

Post payment tips

Distribute direct deposit payment tips electronically instead of printing them out on paper and handing them out.

Electronic/Electronic Filing of State and Federal Reports

File tax forms and returns electronically via the Internet, instead of buying all the related materials, printing and mailing them.

Import a clock/timekeeping device

Import employee time from a clock/timekeeping device electronically instead of entering the information by hand.

Leave calculation and reporting

Support accrual, disbursement and reporting of vacation, sick leave and PTO with the ability to print accrued, used and remaining on employee pay slips.

Track local taxes

Set up and track local taxes or tax groups instead of keeping track of this often complex information in a spreadsheet.

Track multiple state taxes

Track and pay taxes in multiple states and track tax requirements for mobile employees working in multiple states.

Tracking benefits/deductibles

Track benefits like 401K, cafeteria plan and other benefits/deductions and employer matches within your payroll program instead of using an external spreadsheet.

Wage garnishment

A wage garnishment can be compounded depending on many factors. Track and pay complex wage garnishments in your payroll system. If your program cannot do this, you will need to manually calculate each payday and enter it into the system.

Many businesses that outgrow theirs payroll program or looking for time and cost savings, contact Red Wing Software looking for a better way to handle their growing payroll needs. CenterPoint Payroll Software is a proprietary payroll software program that can accommodate all of these features and more. Check it out to improve payroll efficiency and reduce your costs.

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