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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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!
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Red Wing Software offers such time saving features as direct deposit, online tax filing and more. We are excited to now provide our customers the option of offering their employees pay cards, via our partner, smartOne Pay Card.
The smartOne Pay Card is safer than carrying cash, more convenient than having to seek out check cashing facility, and cheaper than paying to have a check cashed. It also gives employees access to a Visa or Mastercard debit Card, which allows them to make in-store, online or over-the phone purchases. In addition to all of this, employees will be able to more effectively track your spending habits with the monthly personal statements of card activity.
In order to use smartOne Pay Cards for your employees along with CenterPoint Payroll, direct deposit is required. To add direct deposit to your system, contact Red Wing Software at 800-732-9464. For more information about adding smartOne Pay Cards, contact our product expert Wade Speelman directly at: 402-602-4052, e-mail: wspeelman@tsys.com, or visit www.smartonesolutions.com.