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Payroll Software Cuts Costs

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Anonymous

11y ago
Updated: 9/18/2019

End of the week payroll duties can be a major pain and incredibly time consuming, let alone confusing with all the different individual state and federal income tax requirements that are put on top of the whole process. A lot of businesses hire a staff of people specifically to handle the task of payroll. Other businesses hire third party companies to take care of payroll needs. However, there is a third option: payroll check software.

Payroll check software may be the solution for a lot of small business owners looking to safe money, labor, and time on the weekly or bi-weekly chore of doing payroll. Payroll by Intuit, PayCycle, and QuickBooks are just a few manufacturers of payroll check software solutions. And, although not recommended, payroll check software can even be generated using a spreadsheet program such as Excel or OpenOffice. Software solutions for payroll can cost as little as a few hundred dollars to several thousand dollars depending upon the specific needs of the business or special features included in the system.

With payroll check software, employees do not have to wait for the mail for their checks. In just a few mouse clicks, the small business owner can have his entire staff’s pay checks printed right out at his desktop computer. Other advantages exist with payroll check software besides the convenience of quick printing. For example, some payroll check software systems help the user determine peak labor hours and can pinpoint understaffed and overstaffed periods of the day. The software can track individual employees and control overtime pay concerns. The system can also track employees by department and help in the understanding of how many people should be hired or if there should be some kind of limited layoff.

In general, payroll check software is a cheap solution for the small business, eliminating the need for a fully staffed human resource department or hiring out a third party company to perform payroll functions. The software can help speed the process of actually doing payroll and can cut costs in many labor areas of the business operation.

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