Can Your Old Payroll Software Handle Ever-Changing Payroll Requirements?

By Stephanie Elsen

With all the changes happening in healthcare, such as the 2013 Patient Protection and Affordable Care Act, your payroll solution must accommodate those changes. What are the steps you have in place to be sure your payroll complies with the mandated changes?

If you are using a reputable payroll software system or payroll service, they should be managing the changes to your software, so that you are aware and able to stay current with those changes. However, if you are using an older system or managing payroll by hand, these changes will be extremely difficult to stay on top of and manage.

CenterPoint Payroll Software stays current with these changes. So do many other payroll software programs and services. As 2013 approaches, be sure you are covered for the upcoming year and the looming changes.


Medicare Tax Calculation Changes for 2013 - Is Your Payroll Ready?

 

The IRS has published information regarding a Medicare tax calculation change that will start January 1, 2013. The change does not take effect until an employee has reached a certain wage limit, and once that limit is reached there is an additional .009 (nine-tenths of one percent) Medicare tax withheld from the employee’s wages. The employer wages are not affected, only the employee.  Any type of wages or benefits that presently are subject to Medicare tax will be subject to this additional .9 percent for all wages and benefits that exceed $200,000.

Red Wing Software is currently working to ensure its CenterPoint Payroll and Red Wing Payroll Software programs will accommodate these changes well ahead of January 1st, 2013 when the changes take effect.

How about you? Can your payroll system calculate this additional Medicare tax calculation? If you are interested in upgrading to or purchasing CenterPoint Payroll, please learn more about the product by clicking here: Payroll Software or calling 800-732-9464.

Accounting Software – How Much Can You Save?

By Stephanie Elsen

Have you ever wondered if switching software is worth it for you and your business? There is the cost of the software itself and training, not to mention the time investment. So, how do you know if it will really be worth all your time and money? Now there is an excellent tool where you can plug in real details about your business and see how much money you could potentially save. The tool was created by the accounting software experts at www.FindAccountingSoftware.com. Click on the link to give it a try for yourself!

Accounting Software – How Much Can You Save?

Payroll Software – Import Time and Save Yourself some Time

By Stephanie Elsen

Have you ever wondered how you can save yourself some time during payroll processing? Well, if you are currently entering time from time cards by hand, there is surely a better way. Investing the time in setting up parameters and using your payroll software to import that time is definitely worth the effort, and will likely pay itself off the first time you use it! (Please note that importing from a time clock requires the use of an electronic time clock capable of outputting a file compatible with your payroll software.)

Setting up a time clock import in your payroll software basically consists of setting up a routine for the time clock to communicate with the payroll software. This routine you set up is called a time import definition. It tells the time clock (or other time collection device) which fields to import and bring into your payroll software. Once you set up your import definition and get it exactly how you want it to be, you can then import the time seamlessly each time you run payroll.

Red Wing Software offers time import as an add-on purchase for CenterPoint Payroll Software. If you don’t use CenterPoint Payroll, ask your provider if a time import function is available.

Advantages of Using Multiple Inventory Locations

By Stephanie Elsen

Setting up and managing multiple inventory locations in your accounting software has some real advantages for you and your business. You may not be aware of how much time and efficiency are lost, trying to keep track of items in one system, when your items are located in various places.

Better Customer Service

Being able to see where your in-stock items are located can help give customers a better idea of what is available to them. It also helps you get those items to your customers more quickly, all of which results in happier customers.

Streamlined Processes

When your items are tracked by location, it becomes easier to keep track of actual inventory quantities. This helps for your physical inventory counting process, as well as the process of determining what needs to be ordered.

Less Shrinkage

If you have inventory stored on a truck or other remote location, you can keep track of that specific inventory as its own location. Tracking that information tends to reduce the possibility of items disappearing without explanation!

Red Wing Software accounting software products are able to help you manage multiple locations. For more information, call Red Wing Software at 800-732-9464.