Archive for July, 2009

Payroll Service Company

Friday, July 31st, 2009

Working with a payroll service company that has your best interests at heart is a great way to make sure that you get everything you need in order to have your company’s payroll handled. For example, a service handling your company’s payroll can provide you with the necessary payroll template information to have your own unique payroll needs met month after month. Handling the payroll processes within your company yourself can become tedious and sometimes difficult, but working with a service company that does the payroll for you and provides you with unique payroll template options can really be a life saver.

By working with a payroll processing company such as Priority Pay Payroll, you can free up time for your business by outsourcing the most tedious payroll processes to a company that knows how to handle your needs and exceed your expectations. General ledger detail reporting and summary reporting give you the payroll details that you need for all of your daily, weekly and monthly payroll transactions based on your general ledger account, and general ledger exporting makes it possible to view your ledger files in other software programs for easy access to the information that you need.

We also offer workers compensation insurance services, giving you the protection and peace of mind that you need for your employees and your company. Paperless payroll significantly streamlines your payroll processing needs by decluttering your desk and putting everything on the computer for easy access. Additionally, direct deposit capabilities are offered to make sure that your employees have access to their money when they need it without dealing with tedious paper checks and paystubs.

Choosing the right payroll service company can have powerful implications for your company. If you have a lot of employees, then there is probably a lot of stress and tension surrounding your payroll practices. Payroll processing can easily become overwhelming, and unless you have a really good payroll template to back you up, making mistakes is simply part of the process. If you want to avoid the risk of stress and mistakes that is associated with payroll processing, one of the best things that you can do is to choose a payroll processing company that can take the tedious and overwhelming work away from you. By putting the payroll process in someone else’s hands, you can focus on bigger and more important aspects of your business, which is a good thing for everyone involved.

Priority Pay Payroll follows a payroll template that makes sense, streamlining the payroll process and making it easier than ever for your company or organization’s payroll to be processed properly. If you want your employees to be paid on time, your taxes to be paid on time and your payroll to be streamlined fully from end to end, then working with Priority Pay Payroll should be your number one priority.

Payroll Accounting Got You Down? Try Priority Pay Payroll

Thursday, July 30th, 2009

Priority Pay Payroll is a full service payroll processor.  They turn the chore of paying your employees into an easy and pleasant experience.  You will no longer have to burn the midnight oil to ensure that your employees are payed on correctly and on time. They offer a whole host of services so you can customize the package to meet your company’s needs, whether you employ one person or hundreds of people.

Unique Payroll Services

Priority Pay Payroll offers services that many other payroll processors do not.  First, they guarantee you  individual treatment by assigning your business a dedicated payroll specialist.  This person will help you to decide what mixture of services would best suit your needs by carefully explaining each service and what advantages it holds for you.  They will construct the perfect plan for your company so that you not only get all of your needs met, but you will not pay for services that you really won’t benefit from.  Once you have decided on a comprehensive plan, you will pay a single flat rate, no additional or hidden fees.

This payroll service company also offers additional services that many others may not, including a series of benefit packages.  This means that not only can you offer your employees benefits ranging from medical, dental and vision coverage to life insurance and and 401k accounts, but it has never been easier for them to sign up for these benefits.  Again, your dedicated payroll specialist will walk you through what benefits are best for your company.

Fast Efficient Payroll Accounting

Properly handling payroll accounting not only requires a great deal of record keeping and filing, but it also requires that you have a working knowledge of the federal, state, and local tax structures.  If any of this necessary information is mishandled or lost, both your business and your employees could face huge lump tax payments and or fines.   Priority Pay Payroll ensures that this will not happen.  Their payroll accounting specialist are well versed in the tax laws and receive regular training so they can keep up to date on any changes made to the tax structures.  They will also take care of filing all you tax paperwork for you.

In addition to relieving your tax worries, this payroll service will also guarantee that your employees are paid correctly and on time.  They offer you the option of printing the checks yourself, or you can have them laser signed and mailed by the Priority Pay Payroll.  They also offer your employees the ease of having their pay checks deposited directly into their bank accounts.

All in all, Priority Pay Payroll will make your payroll so efficient and worry free that you can focus on other things.  It doesn’t matter whether you are just getting started or your business is well established, they can help you to run your business more efficiently and more cost effectively than hiring a staff to do it for you..  So, make yourself and your employees happy and contact Priority Pay Payroll today!

Online Payroll Services

Wednesday, July 29th, 2009

Businesses that are looking for a unique suite of online payroll benefits may consider Pensoft payroll as one of the options that is available to them. Pensoft offers a comprehensive set of software packages that are designed to deal with the complexities of payroll, cutting down on some of the time consuming tasks that business owners face in a few simple keystrokes. They offer an accounting edition, a platinum edition, an enterprise edition, a professional edition, a standard edition and a light edition of their software.

The accounting edition is designed to cater to payroll processors that are dealing with multiple different payroll clients. The platinum edition is payroll software that is designed to tackle certified payroll needs as well as shift differentials. The enterprise edition is designed to suit 1099 independent contractor payrolls and other advanced payroll needs. The professional edition is designed to suit payment of employees via direct deposit. The standard edition offers import and export capabilities within its payroll software, and the “lite” edition is designed to suit small businesses.

The downside to these types of online payroll services and software programs is that if you have multiple different needs, you are going to be hard pressed to find a single software solution that will meet all of them. In such an event, the better way to go would be Priority Pay Payroll, a payroll processing company that strives to meet all of your needs rather than just one or two at a time, so that your expectations can be exceeded.

Outsourcing your payroll services to another company is not always an easy decision to make. This is because not every payroll company can be trusted to meet and exceed your expectations while ensuring that all of your personal payroll needs are met. Luckily there are companies that can be trusted for this purpose, and Priority Pay Payroll is one of them. We streamline your payroll processes by offering you online payroll services, allowing you to reach the information that you need any time you need it over the internet, and giving your employees access to their own personal payroll information online as well, including payroll stubs, hour information and salary data as they need it.

We offer a unique paperless payroll option that makes doing payroll easier than ever by taking the clutter off your desk and putting it in an easy to understand format on the computer. We also utilize direct deposit, which means that your employees can count on having their paychecks in their accounts when they expect them, rather than wasting time with paper checks and paystubs. This is not the end of the services that we offer, however, as at Priority Pay Payroll we strive to provide a wealth of different services and products to our clients and customers to ensure that their needs are met. There is no better way to handle your payroll than with the assistance of Priority Pay Payroll.

Payroll Solutions

Tuesday, July 28th, 2009

Total payroll encompasses more than the simple task of cutting and stuffing paychecks. Accuracy is of the essence and, as your employees are your most valuable customers, appropriate calculation of benefits and timely payment must be provided to them. As mistakes are inevitable, courteous problem resolution is a must to facilitate employee retention. Compliance with tax laws cannot be over looked as part of total payroll. Total payroll solutions include workers compensation calculation and payout. Compliance is ensured with state labor and tax laws. These laws are constantly changing and can be a challenge for any business to keep up with. Priority Pay Payroll can also provide accurate filing at federal, state and local levels. This allows your business to stay on task with sales, manufacturing or other aspects of profitability and saves your valuable resource of time. Priority Pay Payroll is experienced in all aspects of payroll. All services are included in a comprehensive package for a flat fee and can be tailored to meet the specific needs of each individual business. The concept of total payroll solutions also includes tax reporting and filing. This saves an immense amount of time and money as an outside service provider makes this the sole focus of their business. Tax processes and laws change frequently and are very tedious and time-consuming to keep up with. By outsourcing this to another company, part of the total payroll package includes accountability on the end of the service provided for any errors or inaccuracies that may occur, provided the information was reported to them accurately. Agency notices will go to the service as well as responsibility for reply correspondence, correction and resolution. Priority Pay Payroll offers total payroll solutions and packages are available which include daily reporting. This is a general ledger report that includes a summary by account. The summary report is also broken down into a detailed report that shows individual transactions for each payroll with all ledger information and monthly totals including debits and credits. All information from both reports can be requested in ASCII or QuickBooks format to be exported to your payroll system depending on your company needs. Paperless payroll is also and option to facilitate organization, reduce paperwork and streamline the total payroll process. All reports can be received on CD-ROM or in Adobe Acrobat by email. Copies of employee’s pay stubs can be included. These payroll solutions are offered by Priority Pay Payroll utilizing the information that you supply on simple payroll forms through their site, eliminating the need to purchase or download software into your system. Direct deposit of paychecks is fast becoming an easy way to streamline total payroll processing and Priority Pay Payroll includes this as part of total payroll solutions. This is a convenient option for the employer as well as the employee. Payroll funds can be deposited to the employees bank accounts in a timely manner and eliminate the need to wait for funds to clear or a trip to the bank on paydays. With this payroll solution, pay stub copies are presented to the employee for record keeping. Of course, in the event that your business needs only simple services such as printing and stuffing, there are packages available to include only this option. Your authorized digital signature is printed on each check by laser. To provide security and confidentiality, each paycheck will be provided in a separate envelope. Priority Pay Payroll can help you determine which total payroll solutions are suitable to your business needs.

Payroll Defined

Monday, July 27th, 2009

Most people, both employers and employees alike, tend to define payroll as the distributing of checks or payment from the employer to the employee. The actual way to define payroll is all of the financial records that involve salaries and wages including things like bonuses and deductions. This might seem like not a big deal to people who don’t handle payroll, but this is actually a lot of things to keep track of. It is also incredibly hard to figure out with all of the stipulations that the government has on payroll and the many possible deductions a business can potentially take out of a paycheck. There is also the possibility of a mistake being made and the repercussions that go along with that mistake.

Payroll being done incorrectly is a fairly common occurrence, and it can lead to serious trouble down the line. For businesses that choose to have payroll in-house they may find that there is corruption among their employees. It’s possible for employees to change their hours or even increase their wages and hide it if an employer doesn’t keep track of things closely, and busy employers might not have the time to keep a close eye. There are also many opportunities for mistakes to be made such as a workday overlooked and not entered into the system, or a raise not properly updated. These types of mistakes can lead to unhappy employees and even trouble with government agencies such as the IRS.

Fortunately there are companies out there who hope to help businesses define payroll in a new way. Rather than viewing with payroll as a negative aspect of business, the companies like Priority Pay Payroll want payroll to be something employers can think of positively. They do this by offering all kinds of services that will take care of every single payroll need a business could possibly have. They cover everything from mailing out checks to each employee to doing the payroll taxes at the end of the year. It’s a great way for employers to feel at ease when it comes to their payroll.

On top of the services Priority Pay Payroll offers, there are also the savings in costs that any business will get when they choose to outsource their payroll. So much money goes into payroll such as hiring a team of people and paying for their training. There’s also the cost of paper and software. In fact, if a business wants to be able to do their payroll as well as an outsource company, they’ll be spending a lot of money just to get up to par with a company that would charge half as much to just do it for them. Every employer should rethink the way they define payroll. It could go from “hassle” to “peace of mind” by hiring outside the business. Besides the new opportunities it will offer, it also keeps employers safe from having to be held responsible for mistakes. A payroll company will be able to fix the mistake and even compensate for any losses. What more could any business ask for?

Priority Pay Payroll – Efficient And Cost Effective Payroll Service

Sunday, July 26th, 2009

If you own a small to medium sized business, one of your greatest headaches may be making sure that your company’s payroll is done properly.  Payroll management requires not only accurate record keeping but also a thorough understanding of tax codes.  If you offer your employees medical or retirement services, your task just got that much harder.  You could hire someone, or a few someones, depending on the  number of employees you have working for you, to do these things for you, but that can get expensive.  Plus, you will have to pay for yearly training to make sure that they stay up to date on any and all changes to state, federal or local tax structures.  All this can be a tremendous drain on your budget and patience.

Considering all of the things that go into proper payroll management, you may find, as many other small or mid-sized companies have, that it is much easier and cheaper to just hire a payroll processing service.  If you have come to that conclusion, Priority Pay Payroll is one you really should consider.

Complete, Efficient and Customizable Payroll Service

Priority Pay Payroll is a payroll management service that can be customized to meet any company’s needs, regardless of the number of employees or the type of business.  From the start, your company will be assigned an dedicated payroll specialist.  These specialists will take the time to get to know the specific needs of your company and then help you decide what services will best meet your needs.  They are paid by the hour and not on commission, so there is no incentive to sell you services that your company has no real use for.

Priority Pay Payroll offers a full line of payroll management services as well as additional services that are not officially part of payroll management, such as medical coverage and retirement savings plans.  Having all of these needs met by a single company means that you will pay only one monthly bill to cover all of your payroll services.  This leads to efficiency and cost effectiveness, both of which will improve your profit margin.

Effective Payroll Management Equals Effective Business Practices

The profitability of your business is directly related to how effectively you run your business.  You can offer the best service or product in the world, at the best price.  You may sell so much that you have trouble keeping up with demand. None of this will matter if you do not run your business efficiently. Inefficiency and waste may still keep you in the red.

Knowing that your payroll is taken care of will free you up to make sure that the rest of your company is managed as well as Priority Pay Payroll is managing your employee’s earnings and benefits.  This in turn may help you to grow your company while keeping it in the black.  Contact Priority Pay Payroll today so you can relax and let your creative juices flow.

A Better Payroll System May Lead To A Better Business

Saturday, July 25th, 2009

Developing and implementing an effective payroll system for your medium or small business may require a great deal of your time and energy.  Time and energy that could be better spent running and growing your company.  If you have more than a few employees, you may need to hire a staff just to do the work required to make your payroll system effective and to make sure that all the aspects of payroll, including payroll tax and benefits deductions are done correctly.  You may find that using a payroll processing service can meet your needs with less cost and certainly less hassle than trying to do it on your own.  Contact Priority Pay Payroll and let them carry the bulk of the burden for you.

A Good Payroll System May Lead To Happy Employees

Employees that come to work and do their job each and every day have the right to expect that they will be paid correctly and in a timely manner.  If they are not getting this, you will soon have a workforce that is very unhappy.  Unhappy workers are not inspired to give their employer their best effort and take more time off than those who are content with their jobs.

Let Priority Pay Payroll ensure that this does not happen to the employees in your company.  They guarantee that the paychecks will be written in the proper amount and that they will arrive on time.  You even have the option of printing the checks yourself so there is no worry of delay.

In addition, Priority Pay Payroll makes it easy for your employees to sign up and deduct for their benefits because it is all done in house.  By offering a full line of employee benefits for you to choose from, they cut out the middle man which streamlines the process and may save you money.

Payroll Tax, A Constantly Changing Challenge

Perhaps the biggest challenge to payroll systems is the proper withholding of payroll tax.  Not only does the percentage withheld change for each employee depending on where they live, how much they make and how many dependents they claim, but just about when you have figured out all of that, the tax structure is likely to change.

Making sure that payroll tax is done properly for each employee, every pay period is absolutely essential.  If it is not done right, either you or your employees may be looking at a large lump payment, or even fines, at tax filing time.  To avoid all of this, Priority Pay Payroll has tax specialists whose entire job consists of understanding and implementing the taxes for every business they service.

Removing all of the hassles associated with payroll from your plate will free up you, or your human resources department, to focus on the things you need to do to make your business better.  Priority Pay Payroll  will do this for you while ensuring that your employees are happy enough to keep doing their job well.  A quick study will show that this payroll system is well worth the competitive fees they are charging.

The Benefits of Electronic Payroll Services

Sunday, July 12th, 2009

For small business owners, one of the most important accounting functions they engage in is calculating payroll for their employees. But for busy business owners, the steps necessary for doing their own payroll can be tedious and time consuming. One way to address this issue is to use electronic payroll services from Priority Pay Payroll.

Ease of Use

You can set up your Priority Pay Payroll services at any time of the year, so it does not matter if you are in the middle of your fiscal year or at the beginning of the tax year, you can set up your account easily and without any hassles.

Once your account is established — which can take only a matter of a few days — completing payroll is a fast and easy process. You simply submit your employee payroll information and your employees will receive their payroll payments by the regular payroll date. This includes payroll for both salaried employees, hourly employees. Using Priority Pay Payroll, payroll can go from taking an entire afternoon or days to a matter of minutes.

Direct Deposit

One of the most popular and attractive benefits of using Priority Pay Payroll is that you can offer your staff the security of Direct Deposit services. This service is easy to set up and employees will feel secure in knowing that their payroll is deposited into their bank account every pay day. They will no longer need to worry about waiting for their check and running down to the bank to deposit it.

Tax Filing

Priority Pay Payroll also completes your payroll tax filing for you. No longer will you need to be concerned about filling out the paperwork correctly and submitting payroll taxes to the IRS and any applicable state income taxes yourself. Not only does Priority Pay Payroll take care of this for you, but if you are audited by the IRS or state tax agency, we will stand behind our tax filing services with you.

Reports

One of the great benefits of using Priority Pay Payroll is that your can receive reports electronically within an hour of completing payroll, including copies of your employee pay stubs and tax reports. You can also print live payroll checks using check stock that we provide for you and that information will be included in your payroll reports.

Not only will you receive your Priority Pay Payroll payroll reports via email in Adobe format, but you also have the option of requesting a CDROM with your complete payroll history. This can be extremely helpful when reviewing budgets or accounting history.

Summary

Priority Pay Payroll payroll makes payroll accounting simple and easy for small business owners and the benefits of their services are tremendous. Not only can services be started any time of year and at any point in the accounting calendar, but completing payroll is a snap.

Employees benefit by having the option of direct deposit, which can make payroll much less stressful and even improve their efficiency, since they will not be worrying about getting to the bank on time to deposit their payroll check. And you won’t have to worry about making sure your payroll taxes are filed accurately and on time either. With Priority Pay Payroll payroll reports, you can have payroll reports almost immediately and even print live checks when necessary. No matter how you look at it, using Priority Pay Payroll payroll services makes payroll one less worry for business owners and managers.

Headache-Free Electronic Payroll Processing

Saturday, July 11th, 2009

Small business owners are great at building their business and being experts at their line of industry. They build small manufacturing companies, are consultants for engineering firms and perform services in almost every industry imaginable. But when small businesses begin to take on staff, many business owners are dismayed to discover the amount of time, money and effort that goes into meeting all of their responsibilities when it comes to payroll, including processing payroll, writing checks and workers compensation insurance. Electronic payroll processing companies like Priority Pay Payroll help small business owners manage their payroll responsibilities in an easy, fast manner so that they can return to what they do best — building their business.

Payroll Services

Small business owners can find figuring out payroll taxes and deductions confusing and downright baffling at times. Priority Pay Payroll allows small business owners to take payroll processing and turn it from a tedious time consuming task to one that only takes a mere hour or so.

Customers using Priority Pay Payroll services submit time sheets for each pay cycle and Priority Pay Payroll processes the payroll for all of the employees, including both hourly and salaried employees. They calculate payroll tax deductions and make the appropriate payroll tax deposits for both employee tax deductions and appropriate employer tax contributions.

Employee pay checks can be printed by customers in the comfort of their own offices or can be printed and laser signed by Priority Pay Payroll and then forwarded for distribution to employees. For customers who have employees who are especially concerned with privacy, Priority Pay Payroll can also place individual pay checks in sealed envelopes with their envelope stuffing service.

After payroll is processed, an email is immediately sent to the customer which contains all of the payroll information for the payroll cycle. If a customer chooses to cut their own payroll checks or needs to submit payroll information for a special circumstances, this information will be included in the email report . The email report also contains copies of all payroll stubs for the pay cycle.

Reports

There are several reports that are generated as a result of Priority Pay Payroll services. The first is the payroll General Ledger summary, which provides payroll cycle information for each payroll GL account. Another report is the General Ledger detail report, which contains a detailed GL account report enumerating each affected GL account and payroll totals for each pay cycle and monthly. Reports can be easily exported into existing accounting software, including QuickBooks.

EasyChoice Workers Compensation

All employers are required to carry workers compensation insurance on their employees. However, most workers compensation insurance policies require that policy holders make large lump sum payments of premiums based on their estimated payroll for the entire year. This can result in huge premiums, especially in years of growth or business upswing. It can also make it difficult for small businesses to manage their cash flow and they may even find themselves paying unexpected supplemental premium payments as their payroll amounts increases if their businesses grow.

EasyChoice is workers compensation insurance that is offered through Priority Pay Payroll that allows premiums to be paid based on each pay cycle. This not only allows premiums to be calculated based on actual payroll amounts, but also allows small business owners to manage better control over their cash flow across the entire year.

How a General Ledger Works

Friday, July 10th, 2009

Priority Pay Payroll offers a number of services for payroll for small and large companies alike. One such service is general ledger posting. Understanding how Priority Pay Payroll can benefit you with their general ledger posting services means understanding what a general ledger is and how you need to operate in order to get the most out of this accounting tool.

A general ledger is a document that consists of all of the collected works for the organization or company’s accounts. The general ledger is typically arranged in what is known as a double entry format. This double entry format is labeled with debits on the left side of the document and credits on the right side of the document, and both of these sides of the document exist for each and every single transaction.

Although the general journal is organized in such a way that it serves as a sequential record of the transactions of your business, the general ledger is organized instead according to the different accounts. The accounts found listed in the scope of the general ledger are most commonly going to take the form of a two column simple T account format. Sometimes the company’s official general ledger records may even indicate a third column or a fourth column in addition, as these can be used in order to display the running balance of the account following each new posting, which is beneficial for the recordkeeping for many organizations and businesses.

Debit entries and credit entries in a general ledger are not capable of impacting more than two different ledger accounts. It is actually quite normal for plenty of information to be cited in each facet of the entry so that the other entries may be related and identified accordingly. All of the accounts in the general ledger, which are found in the chart of accounts, are grouped into one of five different types of categories. These categories are:

- * Assets

- * Liabilities

- * Revenue

- * Equity (Owner’s Equity)

- * Expenses

There are several different things that the general ledger is capable of providing within the scope of its data in order to create other vital forms and files, such as the single step income statement, the balance sheet and the multiple step income statement, depending on what kind of format the company feels most comfortable using. The general ledger is capable of being in either an electronic format or a regular physical system depending on the needs of the company. Most companies are preferring to use a computerized version of their general ledger because it offers them much greater flexibility than a physical general ledger can. For many people and their companies, the computerized version of a general ledger system is capable of providing for much simpler data entry and much more intuitive reporting of financial transactions.