If there is only one department of an organization that is important to every single employee, it is payroll. This department has a lot of work to do with compiling all of the hours worked, various pay rates, vacation days and sick time, and more. The payroll and accounting department usually has a painstaking and time consuming job to do that requires the staff to perform all payroll calculations and data entry by hand. Using software designed specifically to complete the tasks of the payroll department eliminates manual pay processing, which can save a lot of tedious work and valuable time while also reducing the risk of errors. Businesses of all sizes have a lot of options when it comes to Payroll software, but each option must be carefully considered to take security and reliability into account, and our reviews are aimed at helping you learn more about the best products on the market and how they can benefit your company.
Read on to learn more about CompuPay.
CompuPay offers a range software packages geared toward different types of small to large-sized businesses, including XPressPayroll, which is designed for micro-businesses with one to five employees, PowerPayroll, which is targeted toward businesses with up to 150 employees, and PayrollOnline, which is built for companies with up to 1000 employees. All of these solutions are part of their web-based tools that are easy to use and can speed up the payroll processing task. These packages include full service tax filing, compliance and payment for one state. CompuPay also has payroll specialists available to help guide its users and clients through their software so they learn to use all of its features effectively. With the option to seamlessly upgrade software packages, companies using CompuPay’s resources for smaller businesses don’t have to worry about installing or learning a new system when their business grows, they can just upgrade to the next package that handles more payroll accounts. The software also interfaces with a lot of other accounting software, so integration is possible even if a company doesn’t use CompuPay for all of their accounting needs. With the self-service feature that is available with these packages, managers and employees can access their personal information and pay stubs as well as have access to important documents and forms.
Who Should Use This Product
Any employees or managers within the accounting, payroll or human resources function of an organization would find this software helpful. Since the packages are only available for companies of up to 1000 employees, those working for larger corporate organizations would probably want to opt for a different software package that can better accommodate their larger volumes of paychecks and employee data. However, for moderately sized companies, CompuPay offers a suite of software that is a great option to help reduce the tedious and time-consuming work that goes into payroll. With all of their software solutions based online, all accounts and information can be accessed 24 hours a day, 7 days a week, from any location with Internet access. This is a great option for those companies who have multiple locations, those without a brick and mortar office location, or with managers that are out of the office frequently.
Payroll and Payment Features
CompuPay’s payment features help to make sure that the payroll process is done accurately and without much manual work, so managers can have more time to complete other tasks and so that employees get paid on time. PayrollOnline includes several payment features that make pay day a great day for more than just employees. All three versions of PayrollOnline (Basic, Advanced, Premiere) offer payroll processing and full tax filing, along with automatic check sealing and signing and direct deposit capabilities.
PowerPayroll offers business the option of having CompuPay process all of their payroll and taxes and print their checks and reports for next-day delivery. As an alternate option, if in-house production is preferred, companies can also have the ability to print checks at their own location and view payroll reports online. This package, along with the XpressPayroll service, has direct deposit capabilities for up to four accounts per employee, guaranteeing that their earnings land in their bank accounts on the appropriate days.
Government and Tax Compliance Features
Ensuring that all government and tax compliance is met is of big concern for most companies. CompuPay’s software has features that allow it to keep a company’s payroll and tax filing procedures in check and make sure that all laws are being followed and all procedures are within the guidelines set by local, state and federal governance. For the PowerPayroll package, all federal, state and local payroll tax filing, payment and compliance issues are all handled by CompuPay, so managers will not have to worry about constantly checking the software’s work. For XpressPayroll and Online Payroll, all comprehensive tax filing and payment features that come with the software help ensure that your business avoids penalties and stays in compliance with the IRS as well as state and local tax authorities.
CompuPay’s payroll services offer a number of standard and custom reporting features. PayrollOnline has a report writer that can produce over 40 standard online payroll reports, from everything like payroll history, human resource functions, workers compensation statistics, pay stubs, and forms like W-2.
For other reporting options, XpressPayroll provides convenient payroll reports online. These reports can be downloaded in many different formats like HTML, Adobe PDF, Microsoft Word, rich text and plain text formats. These reports can be generated for labor and taxable wages, earnings and deductions, EFT entry, and even labor and taxable wages.
CompuPay’s services also have a Self-Service feature that allows employees to access their personal information, pay stubs and forms like W-2s at any time, as long as they have Internet access. Additionally, CompuPay ensures that all payroll data remains completely confidential and secure over a company network or any other Internet connection that is used. Password protection, data encryption, firewalls and automatic input confirmation help to ensure only authorized personnel can access a company’s payroll information or view employee information.