Features to Look for in a Paystub Software
One of the ways in which you can remain profitable in a competitive industry is by automating some regular processes. Among the processes you can automate include payroll, invoice generation, inventory management and others. If you are running a large operation with many employees, automating the payroll process is a must. If you will be using a pay stub generation software, make sure that it includes accurate information about the employees.
The data you include in the paystub is important for various reasons, including employee rights, taxation and accountability. If you are planning to buy a paystub generator, go for one that will generate the information you would want. The paystubs can then be presented to your employees either in hard copy or digital format. When evaluating different potential paystub software programs to buy, consider the following:
Accurate Tax Calculator
One of the key features to look for in a payroll stub software is the ability to accurately calculate payroll items. If you have operations in different states and hence are subject to multiple tax rules, you need a software with a tax calculator. If you have operations in multiple countries, it’s also important for the software to be able to generate accurate tax reports.
Look for a paystub software that can be customized to automatically update calculate withholding taxes as laws change. You should also be able to provide gross payroll to your employers for specific pay cycles.
A software that provides accurate information will ensure your employees and business pay accurate taxes to avoid penalties from the authorities.
Timely Processing of Taxes
You also want a pay stub software that will make all payroll related tasks efficient. For instance, the program should enable you to file and pay taxes in a timely manner. If your employees have filled the correct forms with their information, the software should automate the filing process. Therefore, at the end of the year, your employees should not be left with unpaid taxes.
You may also want a program that would allow you to submit employee benefits such as social security benefits.
Easy Access to Employee Paystubs
Your employees’ pay information will usually be generated in soft copy form by the paystub creator. However, you should get a software that can produce both soft and hard copies. Sometimes, employees may need physical copies of their stubs for record keeping or other reasons. Therefore, make sure the program you choose can easily make the information accessible. The employees should be able to access the paystub online whenever they need to.
The above features should be available in any paystub creator you choose.