10 Things That Payroll Software Must Have

Payroll software are used to keep a track of the personnel payment systems of all the employees of a company. This software enables your company to effortlessly manage the payroll of various departments. However, before you buy a payroll software, always ensure that the key features are present in it.

Here is the list of ten essentials which a payroll software should have:-

1. Ease of Use and Convenience

The software should be easy to use so that anyone can easily understand its working and anyone can operate it to generate pay slips and other reports.

2. Fast Speed

The software should have excellent speed, so that it does not delay the process of working. The amazing computing speed of the software reduces computing time to a great extend.

3. User friendly

The software should be GUI based. It should have interactive graphics and should support all sorts of specifications such as Draft Mode Printing. They should also track hours, benefits, deductions and taxes. It should allow you to create a pay check right from the program and may even include provision for automatic or electronic payment.

4. Help and Support

There should be a dedicated team to provide help and support initially when the software is installed. The developers should give free user manuals, guidelines etc. Also they should support through telephone, chat or e-mails.

5. Reporting

Good reporting tools can greatly increase the chance of success of your new deployment. A good payroll software should have accounting modules that can run a good variety of useful

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reports. With easy to use reporting options you can easily monitor what is working well or poorly for the company. It should provide standard reports and documentation (eg. payslips) that can be tailored to the user requirements, saved and then reused when required.

6. Flexibility

The software should be flexible to accommodate changes according to the user or business requirements. It should be a suite of ready-to-use standard payroll system reports / screen enquiries.

7. Compatibility and Integrity

The software should be an open system. Be fully integrated with other relevant systems. It should be well integrated to other systems and modules like HR, Provident funds, expenses etc.

8. Conversions and updates

Many users may be upgrading from Excel or another spreadsheet program, so good payroll software should be able to easily upgrade between programs and between versions.

9. Save Money

Good payroll software should save additional expenses and should be cost-efficient as compared to other traditional payroll software.

10. Programming and Security

Good payroll software should be available for a widely-used platform. This means that the software should use a common programming language which runs on most of the user's computers.

There is a lot to think about when it comes to considering a payroll accounting software, but it is worth thinking about since you will be working with it every day. We have a wide variety of accounting software here to help you find the right one to help you run your business payrolls and have the scope to grow with your business.

Ray Computer Pvt. Ltd.A Microsoft Small Business Specialist Company

8C, 8th Floor,21A, Shakespeare Sarani Kolkata (Calcutta) 700017, INDIA Phone: +91-(33)-22802266 www.raycomputech.net