Get Fast Facts on Acumatica Payroll
2020 was a big year for announcements at Acumatica Summit, but one of the biggest announcements was the introduction of the new Acumatica Payroll module.
This new, exciting addition to the powerful Cloud ERP’s feature-packed line up brings organizations the freedom to finally bring end-to-end, comprehensive payroll capabilities in-house, saving time, simplifying processes, and boosting the bottom line.
Let’s take a look at what it does.
More of a visual person? Watch Acumatica’s webinar, “It’s Time to Bring Payroll Back into the Fold,” to see Acumatica Payroll in action.
What is Acumatica Payroll?
Acumatica Payroll is a newly added Acumatica module that simplifies and automates the in-house payroll process for organizations across a range of industries, including manufacturing, distribution, construction, and professional services.
Acumatica’s Payroll module features the seamless mobility, full customization capabilities, flexible deployment options, and unlimited user pricing that business leaders have come to expect from Acumatica offerings – now applied to payroll functions.
Here are a few standout features of the new module:
- Tax calculations are built in and automatically updated, requiring little setup from you and almost no maintenance (even handles multi-state and multi-entity calculations!)
- Tax filing is easy with help from Aatrix’s affordable, optional state and federal eFiling packages with over 1700 forms
- Payroll updates, changes, and entries are fast and easy – Acumatica even handles upcoming changes, such as future pay raises, with ease
- Mobile access and cloud-based ERP support WFH environments and flexible workspaces
- Payroll integrates seamlessly with time-card entry from the Acumatica mobile app as well as GL and other accounting features, delivering full end-to-end capabilities across the organization
- All you need to run Payroll from Acumatica is core financials, no special setups or Acumatica editions required
Outsourcing? You May Want to Bring Payroll In-House
After years of outsourcing payroll functions, many business leaders don’t realize how much it’s costing them to relinquish control of such a basic business function. Not only does payroll outsourcing require constant management and effort from your in-house staff, it also limits cash flow because many outsourced payroll companies require advance pre-funding for wages and payroll taxes.
By bringing payroll in-house using a flexible, modern, fully integrated Payroll solution, savvy business leaders can save big on their bottom line.
Already Running Payroll In-House? You Deserve to Simplify
For those of you who are already running payroll in house because you handle project-based work, union workers, agricultural employees, or other payroll complexities, you deserve a better payroll system.
Sadly, most complex payroll solutions are outdated, legacy systems that run on desktop and struggle to perform basic business functions, such as Excel exports or data integrations with other financial systems. To keep up in today’s busy business landscape, you need an updated, efficient, effective payroll solution that works seamlessly from anywhere and makes payroll processing easy.
5 Reasons Acumatica Payroll Makes Payroll Processing Easy
Simply put, Acumatica’s Payroll solution takes care of everything for you, including:
1. Tax rate calculations
With a built-in tax engine featuring automatic updates, you can ease your worries and rely on accurate tax calculations.
2. Filing deadlines
Optional eFiling services from Aatrix take care of the details and the deadlines for you, delivering 1700+ state and federal tax forms, including all state and federal certified forms.
3. Benefits tracking and management
Gain instant insight and full control over employee contributions, employer contributions, and comprehensive tracking for changes to benefits over time.
4. Payroll-related AP processing
Need to cut a check during your payroll process? Acumatica Payroll helps out by making AP invoices related to payroll automatically ready when you need to pay them.
5. Time-tracking and -entry
Capture time the quick and easy way using real-time employee-entered tracking or supervisor-entered tracking using the Acumatica mobile app – and then watch as your labor data seamlessly flows into your payroll solution when you need it.
Is It Time for You to Choose Acumatica?
After the rollercoaster of the 2020 work world, it’s become infinitely clear that payroll – long considered the outsider of the accounting world — has come into a place of full prominence for the organization.
Not only does an advanced, secure, cloud-based, and fully configurable solution like Acumatica Payroll deliver critical anywhere/anytime access and improved cash flow management, it also helps you simplify and speed your overall payroll processes, while providing enhanced insight for the rest of the organization.
Learn more about Acumatica Payroll when you download the data sheet.