Payroll Time Clock Software - How it can Benefit Your Business

Are you wondering whether employees are really there when they say they are? Does your payroll staff spend time re-entering hours instead of pulling them in electronically? If so, then your company may be ready to implement a time clock, and integrate it directly to your payroll software. There are several distinct benefits your company can enjoy by doing this.

Eliminate double entry.

With the implementation of a time clock, hours worked are entered directly into the time clock by the employee, eliminating the need for hand-written time cards. This can eliminate the confusion of unclear or inaccurate handwriting. When it comes time to process payroll, the time worked is pulled in electronically from the time clock, eliminating the need for somebody to re-enter hours. This not only saves a significant amount of manual work, but also ensures better accuracy.

More accurate tracking of hours worked.

Do you wonder whether employees are actually working the hours they recorded by hand? This worry can be drastically reduced or eliminated with the implementation of a time clock. There are various methods provided by time clocks to ensure the employees are actually recording their own hours and not ‘buddy punching’, a term which refers to people punching in and out for each other. There is a wide variety of clocks providing different methods of verifying time worked, such as the biometric clock, which verifies employee identity based on their actual fingerprint.

Smoother processes.

Integrating your time clock with your payroll software makes your whole payroll process faster and simpler. After all, if you have to re-enter data from the time clock into your payroll software system, you are losing out on a great deal of the benefits you were meant to have. Be sure the time clock you choose will work together with your software application; this will guarantee much faster and simpler payroll processing for all involved.

By implementing a time clock, your business can gain more accurate pay information and streamline payroll processes. Make the most of your time clock with a direct interface to your payroll software, and you’ll be on your way to a much simpler and smoother payroll processing system.

Payroll Software Programs

Payroll software programs are extremely useful tools that can help your business stay compliant with payroll taxes, manage employee information, process payroll, and of course pay employees on time and accurately. Without it, you are left to manage very important and very private information using scattered spreadsheets or keeping track of it on paper.

Are you looking for payroll software programs to help you find the right one for your organization? These days we typically take to the internet as a first research step. But there are only ten results on the first results page when you search, and there are far more payroll software programs out there that could be a better fit for your business. It would be really hard to sift through pages and pages of Google search results, and in between the information you are really seeking, you will find a lot of sites that don’t even sell payroll software. Use these tips to help you narrow down your search.

CPA PracticeAdvisor.com (Previously CPA Technology Advisor)

This is a great starting point for finding a payroll software program. Each year, this publication reviews professional payroll systems in detail for five different categories, and then assigns a star rating for each category. An average star rating is assigned for each payroll program and a summary is also given. To access these reviews, visit www.cpapracticeadvisor.com and type ‘payroll software reviews’ in the search box.

Capterra.com

This Web site is dedicated to helping businesses find software and offers free tools to sort and find systems by entering your needs. You also have the option of speaking with a software expert and having vendors contact you, at no cost to you. Here is a link to see available payroll software programs.

FindAccountingSoftware.com

This site, which is mainly dedicated to the search for accounting software, also includes a comprehensive listing of payroll software programs. You can browse through available programs or use their matching service, where you speak with a software expert and get matched up with appropriate vendors. They know which questions to ask, you will receive relevant results. Here is a link to view the payroll software programs.

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How Ratio Analysis Can Help your Farm

Using ratio analysis can make a big difference for your farm. Incorporating a ratio module within your accounting system, can help you pinpoint areas of strength, and weakness, to help you increase profits and reverse negative trends. Here's how.

Track Financial Condition

Ratio analysis allows you to see the data behind the indicators, and trend information can be shown in meaningful ways, such as a graph or chart for any number of years available. This helps you see your financial condition in a way that is meaningful to you, so you can start making improvements where necessary, or have the confidence to continue with your efforts as they are.

Compare Your Farm to Your Competition

Looking at the trends of your competitors can be of great value to your farm. Ratio calculations allow you to view industry standards and illustrate financial trends, so you understand where your farm stands against your competition. The success, progress, or shortfalls of your farm, can be understood and addressed, so proper action can be taken. By knowing where you stand against your competitors, you know where to improve, giving you a competitive advantage.

Compare Various Time Frames

Understanding your current situation is crucial. And yet it may be even more important to compare data from two different time frames. Perhaps the past year wasn′t profitable and you want to turn it around. Or maybe you want to understand why you were struggling so much last month. Use ratio analysis as a high-level tool to see trends over longer periods of time, so you can achieve long-term financial growth.

By using Ratio analysis, you can access information and trends that you may not have noticed, so you can make changes accordingly, which will benefit your farm!

20 Innovative Startups in Technology

Wow, lots of these new tech startups are creating applications that can really help businesses! Global mobile payments solutions with super low fees, a new tool for people to learn JavaScript, and a way to have 17,000 PhD level scientist contribute to solving a problem. Exciting advancements in technology! Read the full story here.