CPA Practice Advisor

SEP 2011

Today's Technology for Tomorrow's Firm.

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PAYROLL Reviews For Your Firm Thomson Reuters — Accounting CS Payroll 2011 OVERALL RATING BEST FIT Accounting fi rms who use the Accounting CS application to work with clients on payroll and bookkeeping, as well as accounting professionals who use other CS Professional Suite tools for accounting, tax or document management. STRENGTHS • Uses combination of SaaS & hosted technologies to facilitate collabora- tion between clients & accounting professionals; integrates with Virtual Client Offi ce & Virtual Offi ce CS. • Part of the Thomson Reuters CS Professional suite of applications, which off ers a wide range of produc- tivity solutions for accounting profes- sionals who serve multiple clients. • Existing payroll reports can be modifi ed & custom reports created to meet almost every reporting need. Reports can be seamlessly exported to PDF, Excel, be made available to clients via client portals, or stored in FileCabinet CS. • Payroll data can be imported from QuickBooks or Excel; time data can be brought in from T omson Reuters web portals, time clock or Excel fi les. • W-2s created with Accounting CS Payroll are automatically imported into client tax returns in UltraTax CS. POTENTIAL LIMITATIONS • Does not interface with accounting soſt ware other than Accounting CS, QuickBooks or Excel. SUMMARY & PRICING Accounting CS Payroll is an eff ective solution for accounting professionals who rely on the T omson Reuters CS Professional Suite of products or who process a large volume of payroll clients. With the ability to quickly maneuver between client fi les and process multiple client files at once, Accounting CS Payroll is an at ractive tool for accounting professionals. Pricing starts at $1,800 for an initial purchase and allows payroll processing for up to 20 client files. Additional payroll processing may be purchased in fi ve-client bundles. Annual renewal prices for support and updates start at 20 percent of the original purchase price. Paramount Software Solutions, Inc. — Crest Payroll 2011 OVERALL RATING BEST FIT Companies and firms who want a sophisticated, web-based payroll product that integrates with their existing websites, as well as organizations that use Para- mount's other applications (eVault 365 DMS, Meridian MSP recruiting). STRENGTHS • Website integration feature, included employee portals & firm-specific branding makes even the smallest fi rm appear more professional. • Custom batches of reports can be created & run at scheduled times & exported to diff erent tabs in an Excel workbook fi le. • Clients & remote offi ces can collabo- rate by entering data directly into the website or by entering data into a provided Excel sheet, which can be imported into the program. • Supports wholesale payroll (accounting fi rm re-bills to client) or direct bill relationships with accountant involvement. POTENTIAL LIMITATIONS • Direct integration is provided for only QuickBooks, but data can be exported to Excel or CSV format & mapped into many applications. SUMMARY & PRICING With a user friendly and fl exible interface as well as the ability to brand web views and reports with fi rm name and logo, Crest Payroll provides a number of service offerings in one easy-to-use package. Client billing can be accom- plished by automatically draſt ing client bank accounts. Pricing is all-inclusive and is a fl at fee regardless of features used or the number of states. Base pricing for each client fi le starts at $17 per month with a tiered discount pricing model based on the number of clients and average number of employees within those clients. CYMA Systems, Inc. — CYMA Payroll Software 2011 OVERALL RATING BEST FIT Firms or companies who use CYMA's integrated applications for write-up, nonprofi t accounting or general ledger, as well as fi rms or companies who want an on-premises payroll application designed for quick data entry. STRENGTHS • Long history as a write-up application makes for quick & effi cient data entry, with support for multiple clients & aſt er-the-fact payroll. • Custom reporting & modifi cation of existing reports supported with Crystal Reports. • Available add-ons provide employee self-service access to routine informa- tion changes & pay stubs, as well as HR management capabilities. • Employee time keeping supported & supervisors can edit & approve data before it is released to payroll. POTENTIAL LIMITATIONS • Electronic payment transmission of federal & state payroll taxes not cur- rently supported, but will be in next release. SUMMARY & PRICING CYMA Payroll Software provides a 38 September 2011 • www.CPAPracticeAdvisor.com ✔ SaaS ■ Hosted by Vendor ✔ On-Premises ■ ✔ SaaS ■ ✔ Hosted by Vendor BASIC SYSTEM FUNCTIONS REPORTING & MONITORING INTEGRATION/IMPORT/EXPORT HELP/SUPPORT CLIENT SELF-SERVICE Read the full review of this product exclusively online at www.CPAPracticeAdvisor.com/10318483 800-968-8900 CS.ThomsonReuters.com {PARTIALLY ASSISTED} PRODUCT DELIVERY METHODS: ■ On-Premises ■ BASIC SYSTEM FUNCTIONS REPORTING & MONITORING INTEGRATION/IMPORT/EXPORT HELP/SUPPORT CLIENT SELF-SERVICE Read the full review of this product exclusively online at www.CPAPracticeAdvisor.com/10318466 888-400-1613 fl exible payroll solution that may be confi gured for most business environ- ments, from an accounting professional performing outsourced payroll for clients to a large professional employer organi- zation. With the ability to process an unlimited number of companies, CYMA Payroll Software may prove to be a cost-eff ective payroll solution. Pricing is tiered based on the number of employees processed in the largest company fi le. Pricing for unlimited client fi les, each with 25 or fewer employees, starts at $695. T e CYMA Employee Self Service module has a starting price of $495. 800-292-2962 www.cyma.com PRODUCT DELIVERY METHODS: ■ ✔ On-Premises ■ SaaS ■ ✔ Hosted by Vendor 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/10318119 www.ParamountSoftware.com {FULL-SERVICE PROFESSIONAL} {FULL-SERVICE PROFESSIONAL} PRODUCT DELIVERY METHODS: ■

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