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 your company has hundreds of employees, you can improve efficiency of the Human Resources department by automating payroll processing. If you will be using a pay stub generation software, make sure that it includes accurate information about the employees.
Accountability and taxation would be easier if your paystubs include the relevant information about your employees. You should select a paystub generator that will produce all the information you would need. The program should be able to generate both soft and hard copies of your employees pay stubs. When evaluating different potential paystub software programs to buy, consider the following:
Proper Tax Calculation
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. It is also advisable to select a software that can generate accurate tax reports for the different countries where you may have operations.
When there are any changes to the tax regimen of your business, the paystub creator should automatically update the tax calculator rules. You should also be able to provide gross payroll to your employers for specific pay cycles.
A software with a tax calculation feature will ensure your business or employees are not late with paying taxes.
Proficient Handling of Taxes
You also want a pay stub software that will make all payroll related tasks efficient. For example, does the software allow you to file your business and employee taxes straight from its dashboard? If employees have provided all the relevant information and filled the correct forms, there should be no reason why the software should not allow you to submit their filings. The last thing you want is to use a software that will not be efficient in tax filing and lead your employees to have penalties at the end of the year.
Other related features you may want in a paystub software include the submitting contributions to social security and other employee benefits programs.
Access Paystubs at Any Time
Paystub software usually generate soft copies of your employees’ pay information. 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. Apart from this, employees should be able to access the paystubs on the internet whenever they need them.
When looking for a paystub creator, get one with the above features.