Making the Most of Your Construction Accounting Software Payroll Process By Deneb Construction Accounting Software
Today’s payroll process seems be more complicated than ever. And unfortunately, it’s not an area of your business that can be overly forgiving of errors. Between wage, fringe and tax rates; union stipulations; certified payroll; and a host of additional variables, maintaining efficiency and accuracy can be a challenge. Construction Accounting Software Here are some suggestions to help manage and facilitate this critical task. 1. Be software savvy Use a construction accounting software system that is exclusive to the construction industry and that is fully integrated. What that means is that the various platforms of your system, i.e. payroll and general ledger, will communicate with each other. For maximum efficiency, payroll should integrate, in real time, with job cost, equipment control, work order, general ledger and bank reconciliation. 2. Get educated Fringes, certified payroll, taxes (FICA, Fede...