| Are you tired of all the time you spend running | | | | taxes and deductions are calculated automatically, |
| payroll each week or month and, worse yet, filling | | | | you reduce chances for errors. |
| out payroll tax forms? Or maybe you'd like to | | | | - Security |
| stop dropping hundreds and thousands of dollars | | | | Security is critical for payroll data, which usually |
| every year hiring someone else to do payroll | | | | includes social security numbers and banking |
| tasks for you. | | | | information. By using software on your in-house |
| Whatever your "payroll pain" is, there's a good | | | | computer, you can control and be confident in |
| chance that using in-house payroll software for | | | | your security measures, utilizing your own |
| your small business can alleviate that pain. There | | | | firewalls and secure servers. It's also easier to |
| are many excellent reasons to choose to use an | | | | track who has access to the payroll-enabled |
| in-house payroll software program over other | | | | computers and limit access from outside |
| payroll options, but they all boil down to four big | | | | computers and hackers. You also control how |
| ones: | | | | frequently information is backed-up and where |
| - Cost Savings | | | | back-up files are stored. |
| - Efficiency & Time Savings | | | | - Control |
| - Security & Peace of Mind | | | | Need a payroll report right now? Want to run |
| - Control | | | | some projections or see how a new employee |
| Let's take a brief look at each of these: | | | | benefit will affect payroll? When you do payroll |
| - Cost Savings | | | | in-house on computers and software you control, |
| Hands down, no payroll option is as affordable as | | | | you can compile reports and run projections |
| buying software for use on your own | | | | whenever you want to without additional cost or |
| computer-especially for small businesses. For less | | | | hassle. Run payroll in off hours so you can spend |
| than $100, depending on the features you need, | | | | business hours performing more relevant tasks. |
| you can purchase software to run on your own | | | | You also control which features you use and |
| computer and do payroll yourself. Outsourcing | | | | which tasks are automated. Depending on the size |
| payroll or hiring an in-house accountant can cost | | | | of your business and how you like to run things, |
| thousands of dollars each month plus additional | | | | you may want more or less automation. When |
| fees for reports and tax forms. Online solutions | | | | you install software on your in-house computers, |
| come closer in affordability, but can still cost | | | | you have that control. |
| hundreds each month and often charge you per | | | | The Downsides |
| employee on top of monthly fees. | | | | While in-house payroll software has many |
| - Efficiency & Time Savings | | | | advantages for a small business, you need to be |
| If you want to get payroll tasks done faster and | | | | careful about which software you buy. You could |
| with fewer mistakes, you need to automate. | | | | pay hundreds or even thousands of dollars for |
| Software run on your own computers offers the | | | | software with more features than you need. Or |
| most opportunity for this. Most payroll software | | | | you may not get some of the features you |
| integrates with popular accounting software titles, | | | | require. Additionally, many of the software titles |
| like Intuit or Quicken, so you can share data | | | | aimed at businesses are complex and require an |
| between applications instead of re-entering | | | | education in accounting. You don't want to spend |
| information. Many software titles come with | | | | a lot of time learning new software, so make |
| developer tools that allow your IT expert to fully | | | | sure you look for software that has the features |
| customize your software and integrate it more | | | | you need, doesn't require a huge learning curve, |
| completely with your existing software for even | | | | and is affordable for your business. |
| more time savings and efficiency. Plus, when | | | | |