Today's Technology for Tomorrow's Firm.
Issue link: https://cpapracticeadvisor.epubxp.com/i/555302
FROM THE TRENCHES By Randy Johnston the invoice for pay roll ser v ices all from one company is a big improve- ment in payroll. As CYMA has added HR, PPACA compliance reporting, Advanced Workers Compensation Reporting/Billing, Stafng Payroll & Billing, Payroll Billing, Client AR/ EFT Enhancements, and improve- ments across a l l core accou nt i ng modules during the past year, they have vastly improved the ability of public practice accountants to provide payroll services, afer the fact payroll and write-up. CYMA can be used by industry accountants for payroll, HR, inventory, and costing in addition to N FP accounting and is genera l ly more sophisticated and faster than QuickBooks Enterprise for around the same licensing fees. A nother example includes Payroll Relief from AccountantsWorld. Tis SaaS based payroll system is part of the Power Practice family, and includes ESS, ACH/EFT capabilities and leave t he publ ic pr ac t ic e ac c ou nt a nt i n control. From the Firm Administra- tion Portal through the Payroll Center a n d D a s h b o a r d c a p a b i l i t i e s , t h e p r o d u c t w a s d e s i g n e d t o he l p a n accountant work with their clients to make payroll processing collaborative, easy and efective. Payroll Relief can be set to automat ic a l ly do t he fol- low i ng on t i me: d i rect deposit, ta x deposit, e-f i ling , chi ld suppor t, a li- mony, and comparable deadline based tasks. W hen Accounting Power and Cloud Cabinet are added, the frm can o f f e r a c o m p l e t e c o l l a b o r a t i v e accounting solution. A n additional example of a new generation payroll system that many frms have missed is the Sage Payroll Services powered by PayChoice. Tis acquisition by Sage in October of 2014 makes Sage one of the largest payroll organizations in the U.S. Tis busi ness u n it is ser v i ng 115, 0 0 0 business in all 50 states, has nearly 2 million paychecks are processed each payday, and around 300 employees. Customer Support Representatives (CSR) have the Fundamental Payroll Certifcation (FPC) which contrib- utes to notable Net Promoter scores and strong client satisfaction. Sage P a y r o l l E s s e n t i a l s i s f o r 1 -1 0 employees a nd i ncludes I nter net Input/Mobile Access, HR Resources/ C o m p l i a n c e , S t a n d a r d P a y r o l l Reports, Tax Filing, and CPA GL/ Tax Data Access. Sage Payroll Full Service is for 11-500+ employees and includes Internet/Phone/Fax Input, Mobile Access, an expanded HR Tool Set, Advanced Reporting, Tax Filing, CPA GL/Ta x Data Access, a nd a dedicated Client Support Representa- t ive (C SR). A not her i nterest i ng capability is the interface to the Intuit QuickBooks family. Te ofering may be a beter payroll option for Quick- Books than those from Intuit itself. For public practice frms, Tomson Reuters myPay or ACS Payroll runs m i l l ion s of pay rol l c he c k s w it h soph ist icated outsou rced pay rol l capabilities. With over 6,500 cus- tomers, a 120%+ growth rate year- to-date, more than 1,100 referring accountants in all 50 states while actively processing payrolls in all 50 states, myPay is a viable alternative to outsourced payroll referral when compared to A DP or Paychex. ● Tere's Much More! Broward County Convention Center Ft. Lauderdale or Online Sept. 16-18, 2015 For 30 years, the FICPA has been providing Florida CPAs with the best CPE, exhibitors and networking opportunities. The 30th Annual Accounting Show offers you the latest cutting-edge information and turns your focus to next year, the next fve years and beyond. New Tracks. New Speakers. New Partners. Join us in Ft. Lauderdale or online! Endorsed by the Cuban American CPA Association CONTINUE READING AT: WWW.CPAPRACTICEADVISOR.COM/12086365