Today's Technology for Tomorrow's Firm.
Issue link: https://cpapracticeadvisor.epubxp.com/i/83146
Reviews For Your Firm PAYROLL SYSTEMS AccountantsWorld Payroll Relief 2012 OVERALL RATING BEST FIRM FIT Accountants in public practice looking to expand service offerings or process payroll in a cost effective manner without the administrative burden STRENGTHS r Designed with accounting profes- sionals in mind r Good management and analytical tools r Fully automated for payments and compliance filings r Web presence may be branded r Mobile application includes payroll processing, compliance and reporting 888-999-1366 POTENTIAL LIMITATIONS r Limited human resource and ben- efit management capabilities r Comprehensive set of reports provides litle customization SUMMARY & PRICING Payroll Relief provides a fully automated payroll system designed specifically for accountants. Avail- able as a web based product and through the newly released mobile offering, payroll may be processed from virtually anywhere. First year pricing is set at $997 and provides for unlimited payroll runs, payroll checks and direct deposits. Subsequent year pricing is split between two pricing options; per paycheck and per payroll. Per pay- check pricing starts at $1.25 per paycheck, regardless of payroll fre- quency, for up to 1,600 paychecks. Pricing is tiered from this point based on volume of paychecks processed and is priced as low as $0.45 per paycheck. Per payroll pricing starts at $5.95 to process up to 10 paychecks for a weekly payroll frequency. Other payroll frequencies are priced at $9.95 per payroll run and allow up to 10 paychecks per fre- quency. Additional paychecks may be processed as low as $0.50 per paycheck. AccountantsWorld® Payroll Relief ® BASIC SYSTEM FUNCTIONS REPORTING & MONITORING INTEGRATION/IMPORT/EXPORT HELP/SUPPORT CLIENT SELF-SERVICE FEATURES Read the full review of this product exclusively online at www.CPAPracticeAdvisor.com/10774115 www.accountantsworld.com SPONSORED CONTENT Finding a Successful Payroll Niche While working in the hospitality industry for 30 years and reaching top management positions at several well-known hotels, Reza Khan saw first- hand the challenges that these businesses faced, especially when it came to meeting their payroll and HR needs. That spurred him to start his own company, Hospitality Resource Center, LLC, a payroll service firm that initially specialized in serving hospitality employers, and has since branched out into other industries. The company also of- fers accounting, HR, time and attendance, and other services. "I knew their pain-points and could speak the language of the hospitality industry, because I'd been there," he said. "The most common issues REZA KHAN President & CEO Hospitality Resource Center, LLC PayController.com Santa Clarita, CA were that most of the payroll systems on the mar- ket simply didn't have the flexibility to handle their very specific needs, or were far too overpriced." When Reza tried Payroll Relief from Accoun- tantsWorld in 2008, however, he knew it was the solution for his payroll services firm and his clients. "From the very beginning, the Accoun- tantsWorld team was extremely helpful, especially our representative, Roger Batista. They listened to our needs and helped us with the some of the finer points of payroll processing and manage- ment." They really go out of their way to help us. Not only does Payroll Relief cost less than other systems, it lets us process payroll very efficiently." Because Payroll Relief is designed solely for ac- countants, Reza is able to easily rebrand the payroll program under their own name, Pay Controller (www.PayController.com). In the four years since then, the Santa Clarita, California-based service bureau has grown to a staff of eight and produces more than 2,000 employee payroll checks per month, with client employees located across the U.S. AUTOMATED COMPLIANCE One of the capabilities of Payroll Relief that Reza admires the most is that the system automatically performs all compliance. Payroll Relief performs all state and federal reporting, and also the payroll tax payments to all agencies that accept e-payments. Even third-party payments, such as garnishments or child support, can be handled by Payroll Relief. This means that firms don't have to keep up with the various filing regulations in every state, while the system alerts them to pending due dates to ensure availability of funds. ANYTIME/ANYWHERE ACCESS Since he and his family travel internationally, from Hong Kong to Bangladesh, Reza also appreciates that he can access the totally web- based solution from anywhere. This allows him to keep up with his thriving payroll business and be responsive to his clients, without being chained to the office. 18 October 2012 t www.CPAPracticeAdvisor.com FIRST-HAND