Are you tired of manual invoices and data tracking? Do you find these arduous tasks keeping you from more pressing matters concerning your business? Fortunately, staffing accounting software can help.
Staffing accounting software (SAS) is a bill-and-pay system that pulls in data and illustrates how your inbound and outbound funds are flowing. It is designed specifically for employment professionals like you. Here is what should know about it.
Pay and Bill
The lifeblood of any business is its reputation — not just among clients but along employees as well. One of the surest ways to maintain trust is by processing paychecks quickly and accurately. When your employees can rest knowing that they will be paid as expected and without issue, they are much more likely to be consistently productive on the job.
Additionally, employees should be able to access their pay and tax information at any time. That is why the best staffing software allows for easy access to an employee portal. This is especially important for individuals who will be working more than one position. Mobile access is also important to the modern employer and employee. For example, the worker balancing two separate jobs can view a clear breakdown of their hourly wages and hours worked.
Of course, you must also attend to client invoicing. Enterprise-style businesses are often your best customers. They can be expanding operations that need a dependable staffer to help them grow. Because of this, they may also have multiple and evolving payment structures.
The upside is that if they are happy with you, they can generate a lot of business. The downside is the sheer amount of data entry, invoicing and routing you must attend to. In most cases, you also must work closely with just a few major decision makers, so naturally, you want to ensure you make a good impression by offering seamless service and accounting.
CFO Daily News found that one of the biggest problems facing corporate accountants when it comes to employment agencies is the fact that 57% of all staffers send manually generated PDFs as invoices.
What if you had templates to make data entry faster and more accurate? What if you could send digitized and error-checked invoices that your clients can process with ease on their end? Staff accounting software can make it happen.
Data Reporting
Multiple invoices, short-term positions, candidates who work a variety of jobs, workers who miss work — all of these little data points add up. How do you weed through all of these factors to get a good look at your company’s revenue stream?
Fortunately, staffing accounting software also utilizes tools such as aging reports to illuminate the profitable and costly aspects of both individual placements and clients. Best of all, these analytics can be shared with all your stakeholders through graphs and other visual representations.
Time Tracking
When you are on the job site with your workers or if they are working remotely, tracking hours can seem difficult. You could rely entirely on the human resource team, but your professional reputation increases dramatically with your level of self-reliance.
Fortunately, verifying hours is easier than ever with a good SAS package. Your candidates clock in at work using their own phones. Some programs even offer geofencing capabilities to ensure that employees are stationed where they are supposed to be. Finally, this app sends your workers’ hours directly to your system and takes all of the accounting responsibilities off your client.
Staffing Accounting Software: Smoother Management for All
For easier operations, happier candidates, clearer views of revenue and a more professional image, look into an SAS system for your staffing firm. Reach out to learn more!
