What Makes A Good Construction Payroll?
Construction payroll software can be one of the most complicated pieces of technology in construction management. It’s crucial that contractors and subcontractors know exactly where every penny goes. That means having a system that tracks hours worked, wages earned, taxes paid, and more.
The right construction payroll software should handle everything from tracking employee hours to managing payroll tax calculations. In addition, it should allow contractors and subcontractors to submit pay requests to clients, monitor project cash flow, keep track of employee benefits deductions, and manage tax payments.
Accounting and bookkeeping integration: Accounting and bookkeeping integration is essential to any contractor or subcontractor looking to streamline operations. When accounting systems and payroll software integrate, employees can easily transfer data from one system to the other, saving time and eliminating errors.
Invoicing and payment processing: Invoicing and payment processing are equally important parts of a successful payroll process. When contractors and subcontractors can send invoices directly to clients, there’s less chance for error and confusion over which invoice was sent by whom. And when contractors and subcontractors can accept payment online, they’re able to avoid costly credit card fees.
Time tracking: Another key component of a contractor or subcontractor’s payroll process is time tracking. Without a reliable method of tracking time, employers risk paying employees for work not actually performed. Fortunately, construction payroll software often includes built-in time tracking tools that help contractors and subcontractors ensure that each worker gets the hours they’ve been billed.
What Is Construction Payroll Software Construction payroll software automates the process of tracking employee hours worked and wages paid.