CPA Practice Advisor

OCT 2012

Today's Technology for Tomorrow's Firm.

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Reviews For Your Firm PAYROLL SYSTEMS Red Wing Software, Inc. - CenterPoint Payroll 2012 OVERALL RATING BEST FIRM FIT Organizations looking for a fully customizable, in-house solution to meet a variety of payroll needs STRENGTHS r Highly customizable user interface r Ability to allocate payroll across multiple departments, locations and pay rates r Strong reporting capabilities r High level of support for end users POTENTIAL LIMITATIONS r Multiple add-on modules may be required to achieve full payroll capabilities r Not designed for high volume payrolls SUMMARY & PRICING CenterPoint Payroll is a highly customizable payroll solution that can be modified to fit the payroll needs of virtually any organization. CenterPoint offers flexible pay rate and department allocations through an intuitive user interface. With a SQL database platform, the program is stable and provides a shared platform for add-on product functionality as well as strong reporting capabilities. Pricing for a single company and one state starts at $795. Several add-on modules are available and are priced dependent on module. Additional user seats are available for $295 per seat. Support is offered in multiple tiers and starts at $550 per year (for one user seat), and an additional $80 for each additional concur- rent user. BASIC SYSTEM FUNCTIONS REPORTING & MONITORING INTEGRATION/IMPORT/EXPORT HELP/SUPPORT Read the full review of this product exclusively online at www.CPAPracticeAdvisor. com/10773704 CLIENT SELF-SERVICE FEATURES www.redwingsoftware.com 800-732-9464 Paramount Software - Crest Payroll 2012 OVERALL RATING BEST FIT Firms seeking an automated payroll preparation and compliance system that can support any number of businesses, provides client-side and employee self-service tools, free direct deposit, and quarterly/ annual reporting handled and guaranteed by the vendor at no extra cost and with no impounding. STRENGTHS r Fully web-based r Can integrate with firm website with firm branding r Custom batch reporting r Wholesale payroll options r All-inclusive pricing, no add-on charges r Full HR module r Automated, guaranteed reporting r Supports multi-state employees POTENTIAL LIMITATIONS r Online support options could be more plentiful SUMMARY & PRICING With the latest update and redesign of Crest Payroll, it has remained very user friendly but is among the most comprehensive payroll solutions for professionals managing any number of clients of any size. It includes full compliance reporting at the federal, state and local levels that is performed and guaranteed by the vendor at no additional cost, has excellent drag and drop customization options , and has a full HR system included. Additionally, it offers client and employee self service options that can be completely tailored by each firm on a client-by-client basis, and the firm can brand the portals so that the client relationship remains strong. Pricing for the program is based on the total number of client employers, starting at about $17 per month per client, and going under $12 per client per month. All functions and services are provided at no additional cost, including website integration, Direct Deposit, compliance reporting and the HR tools. BASIC SYSTEM FUNCTIONS REPORTING & MONITORING INTEGRATION/IMPORT/EXPORT HELP/SUPPORT CLIENT SELF-SERVICE FEATURES 888-400-1613 Read the full review of this product exclusively online at www.CPAPracticeAdvisor. com/10773702 www.ParamountSoftware.com QuickBooks Payroll Enhanced for Accountants 2012 OVERALL RATING BEST FIRM FIT Accounting professionals currently using Quick- Books extensively throughout their practice who need a cost effective way to manage live and aſter- the-fact payroll STRENGTHS r Cost effective service to enhance payroll functions built into QuickBooks r Full range of custom reporting capabilities r Aſter-the-fact payroll is included in pricing r Unlimited processing for up to 50 EINs POTENTIAL LIMITATIONS r Employee self-service offerings are not as strong as competitor solutions r Must maintain QuickBooks within a three version cycle to continue payroll processing. SUMMARY & PRICING Intuit QuickBooks Payroll Enhanced for Accountants is a payroll service solution for existing users of QuickBooks accounting software. The service unlocks all payroll functions within QuickBooks and allows accounting professionals to process live and aſter-the-fact payroll. Since all payroll processing is done inside the QuickBooks accounting soſtware, complete end-to-end accounting can be achieved within one soſtware solution. First year pricing for Payroll Enhanced for Accountants is $316 and allows unlimited live and aſter-the-fact payroll processing for up to 50 unique EINs. Payroll Enhanced for Accountants may also be bundled with the Intuit ProAdvisor membership at a discounted rate. Other discounts and special pricing offers may be offered throughout the year. BASIC SYSTEM FUNCTIONS REPORTING & MONITORING INTEGRATION/IMPORT/EXPORT HELP/SUPPORT CLIENT SELF-SERVICE FEATURES For more information, please visit cpapracticeadvisor.com/10015491 12 October 2012 t www.CPAPracticeAdvisor.com 888-236-9501 Read the full review of this product exclusively online at www.CPAPracticeAdvisor. com/10773683 www.accountant.intuit.com/payroll

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