2010 Payroll Software Adds New Features For Small Businesses, Accountants and Payroll Service Providers.

Summary:
Real Business Solutions Inc. is a leading provider of Payroll solutions who recently released a new payroll accounting software called the 2010 Payroll Mate. Payroll Mate is a software that focuses only on payrolls. This new software offers fully automated payroll processing functions and with new “General Ledger Export” report, Payroll Mate now support exporting data to other accounting software. Another advantage this software has to offer is the ability to export payroll data to QIF file. This is useful to users or potential users who recently moved from Quickpayroll to Payroll Mate. Payroll Mate is also useful to people from the States because state disability insurance tax is now a built in tax category in the product.

Connections:
This relates to accounting because in chapter 12.4, it talks about accounting software. Although this software isn’t an ACCPAC, it is still closely related to this chapter. This new accounting software concentrates on only the payroll transactions, and therefore should do its job much more efficiently then a normal account software. It also has a new efficient feature to not only export the payroll check totals but also export detailed payroll information to the general ledger. This would also greatly affect accountants especially accountants in the States because it would help organize payroll accounts and prevent silly math mistakes that people usually make.

Reflection:
I believe that this new accounting software would be a major help to many companies especially to businesses in the States. This program is based on State taxes and not Provincial taxes and therefore this program would never be useful to Canadians. Also, if I were to have my own company, I think that this program wouldn’t be necessary. Simple accounting programs like “Simply Accounting” or other ones already have the payroll function included in them. Therefore I don’t think I would need a specialized accounting program until my company becomes really big and we require this specialized payroll software. One thing I learned from this article is when I actually make my own company and I decide to buy my own software, I should always look at the built in tax category to see if the product matches my provincial tax.

http://www.24-7pressrelease.com/press-release/2010-payroll-software-adds-new-features-for-small-businesses-accountants-and-payroll-service-providers-the-professional-payroll-program-now-includes-everything-needed-to-process-payroll-inhouse-132134.php