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Payroll Point is payroll software developed by the Symmetry Software Corporation, a company that has a long track record in providing enterprise accounting solutions for American business owners. With all the legislative and regulatory changes pertaining to salaries and compensation across the United States, business owners need solutions such as Payroll Point to help them in terms of accounting and compliance.
Who Uses Payroll Point?
The majority of Payroll Point clients are small and medium-sized companies that do not have the benefit of large HR and payroll accounting departments, although some large enterprises with multinational brands use the company's proprietary Tax Engine to ensure that they are in compliance in relation to withholding, wages, and taxes in the American jurisdictions they do business in. Companies that do not have corporate legal departments can turn to Payroll Point for salary compliance. Some accounting firms that provide third-party payroll services use the Payroll Point API.
It is interesting to note that Symmetry operates a popular website that provides information, calculators, minimum wage information, tips, news, and discussion on topics of interest to American workers and small business owners. This website serves a few purposes: firstly, it provides valuable information to visitors who are curious about the business processes that generate their paychecks, but it also allows Symmetry's developers to learn more about how the workforce reacts to regulatory changes as well as payroll trends. This clever method to gather intelligence from multiple American jurisdictions is part of the company's effort to develop the best payroll system for modern business owners.
Payroll Point Features
The main feature of Payroll Point is its detailed accuracy. This solution utilizes several trusted data sources to provide the right taxation and withholding schedules for all types of employees. Everything starts with an address where staff members reside or where they actually carry out their work-related duties. Through accurate geospatial boundaries, Payroll Point is able to correlate laws and regulations affecting workers and their employers. The entire taxation nexus is revealed in relation to payroll compliance at the federal, state, and municipal levels, and users are also alerted to any reciprocity issues.
Something else that is worth pointing out about the company behind Payroll Point is the level of dedication and involvement they show towards the corporate accounting and HR communities. Symmetry is an active member of the American Payroll Association, and company representatives are known to engage in multi-state travel as they participate in various conferences and trade shows. Ultimately, this commitment not only reflects on the company's software products but also on the level of support provided to clients.
In addition to Payroll Point, Symmetry offers full payroll systems, electronic withholding documents, calculators, and consultancy services.
Payroll Point Pricing
There are three versions of Payroll Point. The Pro version has all the core features while the Batch version offers advance database functionality to execute major operations such as issuing paychecks, sending out stubs, and delivering taxation forms to thousands of employees. The Web Services version is an XML system that integrates with existing payrolls for the purpose of implementing jurisdictional tax and salary rules.
Payroll Point is delivered on a Software-as-a-Service basis. Licensing is managed through monthly subscriptions based on the number of searches and determinations. Payroll Point Lite is the free trial version of the service. Pricing will also be determined based on the additional products and services that clients choose to take advantage of. For most companies, the cost of using Payroll Point will feel reasonable, particularly when considering the high costs of dealing with fines imposed by federal and state regulators.
The Big Picture
In the end, virtually any American business owner will find Payroll Point to be useful and valuable. The Pro version will fit the budgets of most companies, and prospective clients are highly encouraged to inquire about other payroll solutions and services offered by Symmetry. |
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