White Papers

Where have all the Profits gone?
by Cindy Bauer

As a former business owner, I can remember singing this tune over and over again. Owning your own business, no matter how big or small it is, comes with many opportunities and unfortunately, some headaches, okay a lot of headaches. I remember when my husband and I started our business with a couple who had been high school friends of my husband; we certainly lacked a basic knowledge of business. But what we didn’t know about business practices, we made up for in enthusiasm and ignorance. You know what they say, “ignorance is bliss”. I eventually learned this to be false.

HIRE Act and Your Payroll Software – What You Need to Know
by Red Wing Software

The Hiring Incentives to Restore Employment (HIRE) Act was enacted March 18, 2010 with two new tax benefits for employers who hire previously unemployed workers, referred to as “qualified employees”. The first benefit, called the “payroll tax exemption”, allows employers exemption from their 6.2% share of social security on the wages paid to “qualified employees” from March 19, 2010 through December 31, 2010. The second benefit is for each “qualified employee” retained for at least 52 consecutive weeks. Employers will be eligible for a general business tax credit, or “ New hire retention credit”, 6.2% of wages paid to that employee over that 52 week period, for up to a maximum credit of $1,000. Full details of the HIRE Act can be found at the official IRS Web site: www.IRS.gov. Meanwhile, if you are interested in taking advantage of the HIRE Act, there are several ways you can use your payroll software to help you manage the process.

Payroll Processing – Is it Time to Start Using Payroll Software instead of Processing Payroll By Hand?
by Red Wing Software

Many businesses start out by paying employees by hand. As a business grows, so does the number of employees, and along with those employees comes a growing variety of payroll needs. Managing earnings like paid time off, wage garnishment, overtime calculations, and a host of other options can become complex and nearly impossible to manage on paper. Enter: payroll software.

Accounting Software Ratio Module: Make Comparisons to Improve your Business
by Red Wing Software

Remember the days in grade school when you were learning to calculate ratios, and wondered when it would ever benefit you in real life? Well, it turns out that using ratios can actually make a big difference within a business. Using a ratio module within your accounting system can help you pinpoint areas of strength and weakness in your business, so you can increase profits and reverse negative trends.

Payroll Software or Payroll Service – Six Important Considerations for Choosing your Best Payroll Option
by Red Wing Software

Processing payroll on time is crucial to the management of your business. As your company grows, you may find that payroll processing becomes more complex with tax requirements, multiple employee types, increasing deduction types, and much more. To efficiently manage your payroll, you will need to choose the best options for your business to process payroll allowing you to continue to pay your employees on time, ensure taxes are filed promptly by due dates and still have access to the information you need.

Farm Accounting Software – How Creating a Budget can Impact your Operation
by Red Wing Software

Creating a budget for your farming operation may seem like a daunting task at first, but it can make a big difference in the profitability of your operation. You can choose to create a budget by hand, by using a spreadsheet, or you can use your farm accounting software to help you. Either way, the outcome remains the same: increased confidence in decision making and increased profits for your farm.

Accounting and Payroll Software – Five Ways to Go Green
by Red Wing Software

Everybody seems to be going green these days, and with good reason. As a business, it is important to do what we can to operate “greener”. There are things a business can do with their accounting and payroll systems that will make a large impact on the environment. As an added benefit to your company, while you are going green you will be streamlining your processes, saving processing time, and saving money too.

Ten Points to Consider when Choosing an Accounting Software for your Company
by Red Wing Software

Choosing an accounting software package to fit your company can be a long and complicated process. By following the key points in this article, you can ensure that whatever software package you choose, the company will be there to stand by your side and grow with you for years to come.

Ten Ways to Use Accounting Software to Improve Your Inventory Management
by Red Wing Software

With more than 25 years of experience developing accounting software, Red Wing Software knows business. We specialize in providing software at a reasonable price to companies who are outgrowing their current software and need more functionality, especially where inventory is concerned. Through this experience we have discovered many ways to save valuable resources by improving your inventory management. This white paper shares some of the insight we have learned over many years of customer communications.

Payroll Software – Five Essential Tools to Improve your Payroll Processes
by Red Wing Software

With the constant growth in technology, many business processes are becoming more streamlined. Payroll processing that used to be done over several days with paper and pencil can now be done in minutes with the right software. Since the inception of companies using payroll software to process payroll and write checks, even more tools have become available to make the process easier, more accurate, and more efficient.

Payroll Processing: Is there a Light at the End of the Tunnel?
by Red Wing Software

Processing your payroll can be time consuming and often, a real headache! Have you taken the time to see what payroll software can do for you?

Is it Time to “Recycle” the Shoebox?
by Red Wing Software

Do you feel you know enough financial information about your operation to make informed business decisions about your operations growth and future? This white paper will touch on the value of accounting software and who besides you needs accurate records. Red Wing Software has been helping the agricultural industry manage their accounting needs for over 25 years. Look to Red Wing Software to help you with all of your accounting and payroll software needs.

Computerizing Your Farm Records
by Red Wing Software

This free white paper was written for producers who are just beginning the process of computerizing farm records or for those wanting to upgrade current systems for better access to important management information. It covers needs analysis, software considerations, how to test the software against your needs, questions to ask vendors, and a comprehensive list of terms everyone should know.

Improving Your Dairy Accounting Methods
by Bradley J. Hilty
Penn State Dairy Alliance

This free, 16-page booklet was a joint effort by the Penn State Dairy Alliance and Red Wing Software to provide progressive dairies with basic accounting principles and practices to follow. It covers six steps for efficient information management and outllines a recommended, dairy specific chart of accounts.