Frequently Asked Questions
Pensoft Video Library
This Video Series examines many Commonly Asked Questions about Payroll Software
Click on the Thumbnail to WATCH the PensoftPayroll Videos
What is Payroll accounting?
Payroll Accounting is the task of calculating and recording the complete financial process typical companies report on their income statement and balance sheet.
Why is Payroll accounting important?
Payroll accounting is important because the government mandates that all business owners comply with tax laws. Since compliance is mandatory, employers need to keep up with the federal and state employment tax regulations and procedures.
What types of functions are included in Payroll processing software?
Payroll processing software is developed with many different type of functions. With our PenSoft Payroll Standard Edition software, we offer the following options
What if I am switching payroll vendors’ mid-year?
Whether you are switching payroll vendors mid-year, at the beginning of the year or at the end, it doesn’t matter! The process is the same. So let’s say you have decided to switch from another payroll software provider to PenSoft.
Why should I use PenSoft software instead of an outsourced payroll service?
There are many reasons to choose PenSoft as your payroll software provider instead of a payroll
Is PenSoft Payroll Software Easy To Use?
Yes, the PenSoft Payroll software is easy to use and simple to understand. The majority of PenSoft’s customers do not attend any type of training. These customers take full advantage of the electronic manual, online knowledge database and the FREE customer support.
Will I receive Customer Support after Purchasing from PenSoft?
Yes you will receive Customer Support after purchasing a PenSoft product. Customer support is a critical aspect of purchasing any new software and PenSoft is not an exception.
Does PenSoft Payroll software have the ability to connect to our existing financial software?
PenSoft Payroll can connect to different existing brands of financial software. It all depends on how you decide to export the information from our payroll software.
PenSoft Payroll Tax Tracking and Reporting
PenSoft Payroll includes the ability to generate the federal forms 940, 941, 943, 944, and numerous state specific reports. Once you generate these forms, you can print them out and mail them to the appropriate federal or state agency.
Is PenSoft Program Support service outsourced?
PenSoft’s program support is not outsourced overseas. Our corporate office is located in Newport News, Virginia. We do not send any part of our software development or program support overseas.