4 Popular Construction Payroll Software Options for Your Business

There are strict requirements for managing payroll when you own a construction company. Not only that, but it can often become difficult to track the number of hours your employees are working. This is especially true when they are working on so many different projects, but you don’t have to stress over manually tracking their hours any longer.

When you upgrade to a payroll software for construction companies, you can easily maintain compliance with all of your tax laws, and you never have to worry about human errors. However, there are so many different payroll software options, so it can be difficult to choose the right one for your business. Keep reading to learn more about the best products so that you can keep your business as organized as a Tradesmen International pay stub.

What is Construction Payroll Software?

In order to choose construction payroll software, you need to know what that product is and why it is different from other generic options. Though there are plenty of accounting and payroll software on the market, they don’t all fit the specific needs of the construction industry. You might find that some products offer more benefits and tools than you would ever need. On the other hand, you could come across software that is lacking the tools your contractors need to accurately report the hours they work.

With construction payroll software, your business should be able to:

• Compute Salaries
• Manage Different Employee Types (1099 Contractors)
• Produce Pay Slips and Other Relevant Forms
• Calculate Tax Deductions
• Offer Various Payment Modes
• And So Much More!

Top Software Choices for Contractor Payroll Services

Though the general idea of a construction payroll software doesn’t change, the products can be more different than you would expect. Therefore, it’s essential to carefully weigh the benefits and disadvantages of even the most popular products. The following are our top four picks for payroll services, but ultimately, it’s up to you to decide which one best suits your needs.

1.    Sage 300 Construction and Real Estate

Sage 300 CRE is a well-rounded construction and real estate management solution. At its core, it aids with project management and accounting, but with all of Sage’s modules and add-ons, you can easily include payroll features. Sage’s Payroll modules are specially designed to provide construction businesses with dynamic solutions for both small and medium-sized enterprises. These solutions include:

• Payout Processing
• Loan Calculations
• Tax Deductions
• Bonuses
• Custom Pay Slips
• Tax Law Compliance
• Pension Schemes
• Sick Pay Calculations
• Student Loan Integration

One of the things that business owners love most about Sage Payroll is the ability to store complete employee profiles. Not only can you record items like salary history, but you can also monitor attendance, disciplinary records, and so much more.

Note: This product is not suitable for large corporations, and it requires you to purchase a module to get the payroll features. As a result, there may be better choices for small businesses with limited budgets.

2.    QuickBooks Payroll

If you manage a business of any size, you’ve at least heard of QuickBooks. Many business owners have even started out with this software because of its popularity in the accounting and finance field. Much of its popularity comes from its scalability. You can easily grow with this product, so you don’t have to stress over switching to new software in the future.

In terms of payroll, this product offers businesses a lot of automation, same-day deposits, and streamlined processes. The auto-payroll features can make a huge difference in how your company handles payments, and they can expedite traditional methods so that your employees are always paid on time.

As an added bonus, QuickBooks Payroll also offers:

• Tax Penalty Protection
• Automated Forms
• Health Benefits Compensation
• HR Support
• 401(K) Solutions
• Sales & Tax Tracking
• Time Tracker
• Cash Flow Management

It’s important to note that QuickBooks for construction businesses doesn’t look much different than their standard software, so it may not meet your needs as well as other industry-specific options.

3.    ADP Paystub Services

Unlike the other two products mentioned above, ADP isn’t an accounting-focused product. Instead, ADP paystubs are part of an HR solution known as ADP Workforce Now. While the software doesn’t provide all those helpful accounting and finance tools, it does provide you with comprehensive HR solutions beyond payroll. It can help you with the following:

• Workforce Management
• Benefits Management
• Time Tracking
• Tax Deduction
• Error-Protection
• Third-Party Application Integration

If you were looking for a payroll product that provided more accounting support, we suggest you stick with the other options listed.

4.    Foundation Payroll

Finally, we have another payroll application geared explicitly toward contractors' needs. It allows construction businesses to pay all of their crews quickly and accurately. Many companies especially appreciate the fact that this software is made with unions in mind. The following are just a few of the other notable benefits and features you can expect with this software:

• Automated Timecard Entry
• Tax Calculations & Deductions
• Multi-State, Multi-Union, and Multi-Trade Support
• Automated Data Importing
• Payroll Reports
• Additional Modules

It’s important to note that this is only payroll software. It doesn’t offer any HR or accounting solutions, so that is something to keep in mind as you choose the right product for your business.

Find out if Sage 300 CRE Is Right for Your Construction Payroll Needs

We know choosing a new accounting or payroll software can be a tough decision. Not only do you have to consider your budget and the additional training, but you also must keep in mind that different deployment options may limit your options. For all of these reasons and more, it’s vital that you work with a team of business solution consultants.

Kerr Consulting has been helping construction businesses with their software needs for years, so you can count on us to guide you through the process of choosing the right product. You can ask us more about Sage 300 CRE by calling to schedule an in-person meeting, or you can request more information by submitting your questions through our online quote form.