Better Manage Your Employee Resources with the Right Accounting Software Package
Most successful businesses of any size will readily admit that their greatest assets are their employees. If you are like most small businesses, however, you may find that effectively managing employees can be a time-consuming job. With fewer hours available in the day to complete all of your business activities, it might be time for you to consider a comprehensive financial accounting solution to help.
With the right accounting solution, you can track all employee information—from hiring data and demographic information to emergency contacts and performance reviews—all in one place, saving you time, keeping you organized and reducing errors. Sage 50 even allows you to track your employee vacation and personal time.
To help you manage your employees and streamline more of your business functions, while protecting your sensitive financial data, we recommend looking for certain key features and tools when choosing the right accounting solution for your business.
If you are implementing a new system, you should consider a solution with a variety of training options to help get you and your employees up to speed quickly. Sage 50 offers online anytime product training through Sage University to help your business get the most out of your solution's general ledger, accounts payable, inventory, accounts receivable, and inventory features. Plus, Sage 50 offers an easy-to-use Setup Guide, in-product tips, screen-level help, online tutorials, the Sage 50 Community, and an online Knowledgebase of FAQs.
With Sage 50 you can choose a full service payroll option—included withSage Business Care Gold— that offers all the tools you need to prepare payroll in-house and avoid costly outsourcing fees.
Sage Business Care Gold with Payroll allows you to:
- Receive latest federal and provincial payroll tax updates
- Prepare payroll cheques with automatic tax calculations
- Process cheques as a batch
- Prepare government T4 and/or RL-1 slips for print or online filing
- Review payroll records when preparing T4 slips with a PIER-like report
- Prepare ROE slips through print or online filing
Employee Direct Deposit
As the smart and productive way to pay employees, the Employee Direct Deposit1 option from Sage 50 Direct Payments offers:
- Convenience and time savings by paying employees electronically at the click of a button from within Sage 50
- On time payment since you'll never miss a payroll because of a rejected file by the bank
- Cost savings by eliminating the need to purchase and print cheques
- Flexibility with no minimum or maximum number of deposits or employees and the option of paying in either Canadian or US dollars
- Ease of use with seamless integration to Sage 50 so you can get started quickly and easily
Save Time When Filing your T4s
Save time and maintain accuracy on T4/RL-1 summaries and internet transfer files by storing the business and contact information for repeated use. You can easily re-print a T4 summary or redo your T4 internet transfer file without having to re-enter any business and contact info. You can also enter in or verify your payroll account number for your T4 Summary or T4 Internet Transfer file.
Role Based Security
The ability to restrict access to sensitive financial data in order to protect against employee fraud should be a key factor in selecting your accounting solution. This Sage 50 feature allows you to create user profiles for each person, requiring a user name and password in order to access company data.
This functionality provides user accountability and tracks transaction history, deterring employees from fraudulent activity or mistakes. The Sage 50 built-in audit trail feature logs when a person enters data, edits existing data, and removes data.
Sage 50 helps make the reconciliation process even easier by allowing you to electronically import statements directly from the bank, helping you improve financial accuracy and eliminate errors.
By evaluating your new solution using the guidelines above, you should be able to quickly find the right accounting system to keep your business operating at peak performance, helping you successfully manage your employees and keep sensitive data secure.
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