Payroll Software 101: Key Features To Look For

Understanding what a payroll system can do and the different functionalities it offers is important. [Image]( Expert Insights on HR May 08, 2024   Our Expert’s Topic for the Week:Using Payroll Software Understanding what a payroll system can do and the different functionalities it offers is important. It helps you select the ideal payroll system for your business and pinpoint the key features you need to ensure compliance and effective payroll management. Read below to learn more about payroll software, including our top picks for the best small business payroll system. - Jennifer Soper, Robie Ann Ferrer, and Genevieve Que   Stay Current   - April 29 - May 3 was Global Payroll Week: It’s the week that celebrates payroll professionals across the globe. Although you missed the webinars and the Titan Award; you can still visit [PayrollOrg]( to read its white papers and set a reminder for next year’s event.   Learn with Fit   [Small Business Owner’s Guide to Essential Payroll Software Features]( [Small Business Owner’s Guide to Essential Payroll Software Features]( Payroll features are the functionalities a payroll system offers to manage, streamline, and ensure the efficiency of employee payment operations. The right set of features go beyond simple automation, it must include those that make payments accurate, ensure compliance, and support financial prudence.   [Payroll Security: 11 Tips to Keep Your Business Data Safe]( [Payroll Security: 11 Tips to Keep Your Business Data Safe]( Payroll security involves taking steps to ensure that sensitive company and employee information isn’t compromised by employees or outside actors, like hackers. Here are some tips to safeguard your business’ data and create a secure payroll system using software or a third-party provider.     Dive Deeper   [What is Payroll Software?]( Payroll software is an application used to manage, automate, and streamline an organization’s payroll tasks. Learn more about the tools that free businesses from the shackles of manual calculation, paperwork, and regulatory complexity. [Payroll Software Integration: What It Is & How It Works]( Payroll software integrations allow you to sync your payroll system with other software used to help run your business. Dive deeper into how it can save you from having to enter the same payroll information into separate programs. [Payroll Automation: Ultimate Guide for an Automated Payroll System]( Payroll automation uses advanced technology—particularly through software—to streamline and simplify the complex process of managing employee pay. It can reduce errors and save time and resources for your small business by calculating wages, taxes, benefits, and deductions automatically. Did you know? 🤔 There's more beyond the newsletter? Follow us on social media to stay informed on exclusive insights, resources, and sneak peeks into the latest trends in marketing! [Facebook]( [Instagram]( [Pinterest]( [LinkedIn]( [YouTube](   Compare & Contrast   The best payroll system eliminates the need for manual calculations and paperwork. It streamlines payroll processes and helps ensure compliance with labor and tax regulations. If you’re looking for options or need help selecting the right solution for your business, read the below guides: [9 Best Payroll Software for Small Business Users:]( Check out our guide to the best payroll software for small businesses where we explore the key functionalities each provider offers, including their pros/cons and pricing.   [7 Best Payroll Software for Contractors:]( If you only hire and pay contract workers, consider payroll software that have contractor-only payment plans. These are usually less expensive than the providers’ regular payroll packages, but come with online solutions for compliant payments and year-end tax reports.   [How to Choose a Payroll Service for Your Business:]( Unsure which one to choose, our guide to finding the right payroll solution contains helpful tips.   For easy processing of employee and contractor payments, consider Gusto. It has a simple-to-use interface and a wide range of tools for handling payroll, hiring, employee onboarding, and benefits plans. [Visit Gusto]( More FSB Resources   More Than A Newsletter   Written by Jennifer Soper, Robie Ann Ferrer, and Genevieve Que About Fit Small Business HR Newsletter: Providing you with newsworthy tips, tricks, and informational deep dives on all HR and Payroll topics relevant to small business owners. Delivered to your inbox every Wednesday. [Sign up today]( Visit the [Subscription Center]( to get other free newsletters, manage your account settings or to be removed from Fit Small Business communications. 0[Unsubscribe]( | [FAQ](| [Terms of Use]( | [Privacy Policy]( © 2024 TechnologyAdvice, LLC. All rights reserved. This is a marketing email from TechnologyAdvice, 3343 Perimeter Hill Dr., Suite 100, Nashville, TN 37211, USA. Please do not reply to this message. To contact us, please [click here](.