A comprehensive accounting software, like Cougar Mountain Software’s Denali, should accomplish the basic but critical function of payroll. Payroll for manufactures is much more than just paying employees and calculating taxes. Processing payroll in your accounting software should also be a source of information to your other accounting needs such as tax data and filings, automated and accurate tax reports and forms (i.e. W-9 and W-2 forms), tax payment generation, employee benefit tracking, and labor, overhead, and expense costs.
Companies often approach payroll as an island of processing data which is separated from other business applications. Some even cling on to time-honored manual processes while others rely on a third party to handle payroll functions. However, today’s most cost-effective payroll systems work seamlessly with the accounting software to allow even small to mid-size companies to reap the benefits of manufacturing payroll and accounting automation.