At one of my recent seminars at student
asked if using in-house computerized
accounting is better than using
the payroll service that most banks
You don't need in-house payroll
done on computer to survive in
today's business world, but the capability
to do so will most certainly
make your business more flexible.
The Payroll Service Side
The bright side of using a bank provided
payroll service is cost effectiveness.
And, for a slight extra charge,
you can have job cost reports formatted
to your specifications. A three-day
turn-around time can be expected,
and end-of-year tax reports make yearend
closing a breeze.
However, banks do payroll and job
costing for contractors and other businesses
because of the cash the service