If you have a growing business, one of the most important things that you have to take seriously is your payroll service. This is the best time to choose payroll software that would be ideal for your needs. Choosing the right one is not that complicated anymore because even through the web, you can now find the best payroll and billing software solution that you can use for your expanding business.
To help you make an informed decision, here are the factors to consider:
Payroll Software License Limit
Before you can start choosing from a list of payroll software, you first have to determine how many companies’ or clients’ payrolls do you need to process. The payroll software you choose should have a license for the number of companies that you want to process the payroll for. This is the same if you only want to process the ones needed for your company. The license with the software package is a very important factor to consider.
How Many Employees Do You Have?
Now that you know if your payroll software package can provide the necessary licenses that you need, it is time to consider the number of employees you handle. You should include both regular and seasonal employees. You should also include in your count the starters and the leavers. Their payroll data will remain on your software for the entire year and would still be part of the -end reports.
Type of Payroll
When it comes to the type of payroll, you have to consider the employees that will be paid annually, monthly, semi-monthly, and even hourly. Or maybe you have a mix of these payroll types. It is fine if you have one payroll type that you follow. But if you have a mixture of the payroll frequencies, you have to make sure that the payroll solutions you choose can provide you with what you need.
Printing payslips have been stopped by many companies but there are others that still distribute payslips to their employees. If you decide print outs, then you have to think of the amount that this will cost you every payday. If you prefer to send payslips through emails, you have to make sure that the potential payroll solution that you choose would allow you to send them through emails securely.
Choosing a payroll software is not going to be easy especially if this is your first time. But if you know what are the things that you have to take into consideration, the choice would be so much easier for you.