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<p>[QUOTE="rodeoclown, post: 1449837, member: 34005"]See Medoraman's post above, I agree with him. There are plenty of third parties that can provide the service at near nothing of the cost (especially if you're small) than it would to have a person do payroll full time, etc. The last job I worked at, they spent no more than a couple hundred dollars for quickbooks software that practically did it all for them.</p><p><br /></p><p>Now I would agree, if you're company is so small that it's literally a couple person payroll, don't bother, writing out the checks probably takes 10 minutes each week. But seriously, it doesn't cost that much. My sister was self employed, she employed her husband and part time employee, she had direct deposit (for her part time person) and used Quickbooks for very cheap to keep her accounting records updated and inline with the laws, etc.</p><p><br /></p><p>You do realize, once you setup a program like Quickbooks, Peachtree or any of the others, setting up direct deposit is just getting authorization from the employee to do the direct wire transfer through your own bank your business uses. It's just like my personal wire transfers I can do. It's really not a cost burden nowadays. You pay processing fees sure, so if you have enough employees, direct deposit makes sense in most cases. If you have an employee that has to dedicate a day or two to do payroll and accounting each pay period, look at how much you pay them and do the comparison of software doing it for you, where that person can cut that time down to a minuscule of what it usually takes them, etc.</p><p><br /></p><p>Every business is different, but from what I've experienced, direct deposit and such isn't that much more and in most cases, saves companies money rather than cost them more.[/QUOTE]</p><p><br /></p>
[QUOTE="rodeoclown, post: 1449837, member: 34005"]See Medoraman's post above, I agree with him. There are plenty of third parties that can provide the service at near nothing of the cost (especially if you're small) than it would to have a person do payroll full time, etc. The last job I worked at, they spent no more than a couple hundred dollars for quickbooks software that practically did it all for them. Now I would agree, if you're company is so small that it's literally a couple person payroll, don't bother, writing out the checks probably takes 10 minutes each week. But seriously, it doesn't cost that much. My sister was self employed, she employed her husband and part time employee, she had direct deposit (for her part time person) and used Quickbooks for very cheap to keep her accounting records updated and inline with the laws, etc. You do realize, once you setup a program like Quickbooks, Peachtree or any of the others, setting up direct deposit is just getting authorization from the employee to do the direct wire transfer through your own bank your business uses. It's just like my personal wire transfers I can do. It's really not a cost burden nowadays. You pay processing fees sure, so if you have enough employees, direct deposit makes sense in most cases. If you have an employee that has to dedicate a day or two to do payroll and accounting each pay period, look at how much you pay them and do the comparison of software doing it for you, where that person can cut that time down to a minuscule of what it usually takes them, etc. Every business is different, but from what I've experienced, direct deposit and such isn't that much more and in most cases, saves companies money rather than cost them more.[/QUOTE]
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