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Ag Retailer
May/June 2002
It's no longer a secret.
Forward-thinking ag retailers are increasingly using the Internet to run
their businesses.
For retailers searching for online services that can streamline administrative
chores, it might be a time to take a look at online payroll services.
(article continues below useful links)
Simple and Reliable
Would anyone like to have a simple, reliable and economical way to process
and distribute payroll in minutes? Of course. Every ag retailer knows
the pain of payroll. Keeping up with all the changes in payroll regulations
and withholding tables can be a full-time job. Getting it right is somewhere
between a challenge and a nightmare.
Worse yet, if mistakes are made, employees and the IRS will not be happy.
Indeed, the IRS indicates that 40 percent of all small businesses are
fined for payroll errors - the average fine is $845.
When value of time is factored in along with the prospect of penalties
for potential mistakes, processing payroll internally can be very expensive,
and it definitely makes sense to outsource.
Still, for some ag retailers, the notion of outsourcing payroll raises
the fear of incurring substantial expense and losing control. But the
payroll industry has changed for the better recently and ag retailers
are finding that outsourcing payroll via the Web makes good sense.
More Convenience
Historically, outsourcing payroll meant you needed to call in payroll
on a predetermined day and time. Business owners inconveniently had to
jump away from important tasks to call in payroll.
Some payroll providers offered software solutions, allowing data to be
entered locally and sent in via modem. While this represented a step forward
in terms of convenience and control, the software was too complex, designed
to handle the payroll needs of large corporations like IBM rather than
the simple needs of small businesses.
The new breed of outsourced payroll services overcomes these deficiencies
by offering simple Web-based interfaces. The business owner controls the
process, not visa versa. Payroll can be processed anytime, anywhere -
when it's convenient.
With SurePayroll's offering, for example, all you need is a Web browser
and an Internet connection. Once you enter your payroll data, SurePayroll
automatically calculates, deducts, pays and files all taxes. Payroll can
be completed in just a few short minutes.
And there's an added bonus. Since the retailer enters the data and views
the results in real time, there's no worry about a data entry clerk making
errors when information is given on the phone.
Multiple Outlets
An ag retailer with multiple outlets can set up each store as an individual
account or set up multiple stores under one account. There's no need to
be at every location on payday since everything is handled electronically.
Not having to send paper checks and reports back and forth between your
multiple locations and the accountant can lead to significant savings
on shipping and administrative costs.
Regardless of how the account is configured, a "real-time" preview feature
ensures that the payroll administrator will always know the exact amount
that will need to be in the bank account prior to payroll processing.
If the payroll administrator wants additional information, he or she can
drill down on any employee to see detailed payroll information.
Employees can access their payroll history online and print off pay stubs
directly. There is no need for them to go to accounting people to get
payroll information. When they need other information to apply for a loan
or rent an apartment, they can simply go online and retrieve the information.
Such time-savings add up, giving employees more time to spend on tasks
that directly enhance the value of the business.
For retailers who are considering outsourcing payroll for the first time
or looking for a new provider, it's a good time. There's a level of competition
in the payroll industry that didn't exist previously. For ag retailers,
that translates into good prices for online payroll services.
The bottomline for ag retailers? New outsourced online payroll solutions
on the market can save time and money. More importantly, the retailer
controls the process.
Michael Alter is a Senior Vice President at SurePayroll, a leading
national provider of Web-based payroll services. SurePayroll's simple
per-payroll fees include payroll processing, all tax filing and payment,
quarterly reports, and more. Visit www.surepayroll.com for more information
or call (877) 954-SURE.
Copyright © 2002. Ag Retailer.
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