Payroll can be a hassle for construction companies. What if you have employees with multiple rates? Maybe you have employees with different job classifications, pay scales, and locations. What if you have to pay employees using different tax rates? Not to mention with the new Earned Sick Time Laws, you now have another item to track for employees. So yeah, handling payroll can be tough. Just a decade ago almost all of the payroll process was done on paper. With the emergence of technology, that is no longer the case. Nowadays a payroll function is a requirement of any construction accounting software package. Though not all Payroll modules are the same, some offer more than others.
There are many advantages available to using construction accounting software for your Payroll. A good example is Direct Deposit. Normally you’d have to mail out the pay stubs to your employees. Depending on the number of employees you have, a significant amount of money can be spent annually on just postage alone. With construction accounting software like STRUCTURE, you can use the Payroll module to handle Direct Deposit and then email out paystubs to your employees. Saving you time and money. Wouldn’t it be nice to not have to lick envelopes?
The Payroll module in STRUCTURE offers a whole host critical functions. Setup the system to automatically manage employees pay rates, job classifications, different tax rates, and various compliance reports. Inquire on specific employee information, and drill down to the details and keep earnings history indefinitely. Employee time entry is made easy. There are multiple options when entering employee time. You are able to do it by Job, State, Manual Entry, Standard Time Entry, and even Mobile Time Entry.
There are some who choose to go with separate accounting software like Quickbooks. One of the advantages to using construction accounting software, like STRUCTURE, is that it is made specifically for the construction industry. Also when purchasing STRUCTURE, you get access to more than just the Payroll module. You can have access to Job Costing & Billing, Accounts Payables, Accounts Receivables, General Ledger, Project Management, and many more. Explore the site and learn more about how our Payroll module can help your business.