6 Best Payroll Software for Construction Businesses for 2024

construction company payroll

They are designed to simplify the management of employee wages, benefits, and withholdings. These services can handle a range of tasks, including calculating and processing payroll taxes, issuing checks or direct deposits, providing pay stubs, and maintaining records. By outsourcing these functions, construction businesses can save time and reduce the risk of errors and Food Truck Accounting compliance issues.

construction company payroll

ADP Run Features

All factors in our reviews are scored on a 10-point scale – technically 11 points – from 0-10. However, all reviews will feature an 8-part score, weighted and combined to calculate each product’s overall score. Workstream’s HR app on the App Store and Play Store only has a few user reviews, and they’re usually a mix of good and bad reviews.

What users say about RUN Powered by ADP

construction company payroll

Construction companies often face the dilemma of whether to outsource their payroll processing or handle it in-house. Each option has its own set of benefits and drawbacks, and the right choice depends on your company’s specific needs and resources. Whether how is sales tax calculated you discover you have incorrect amounts on your taxes, late submissions, or include inconsistent information, tax errors require immediate action. If Form 941 (Employer’s Quarterly Federal Tax Return) does not match their W-2, they’ll have to sort through loads of paperwork that could delay their refund.

construction company payroll

Integrated project management

construction company payroll

If working on government contracts, there’ll be even more steps, such as handling prevailing wages, fringe benefits, and verifying work classifications. Digital tracking also removes the need to interpret or validate time since it’s automatically stored and organized in a single location. This not only buttons up your payroll system but also allows you to use your labor data to strengthen other areas of your payroll for construction companies business.

Effective Employee Hanbook creation to help with policies and cut unemployment Costs

  • ADP Run is on our list of best payroll software for construction companies because of the wide range of solutions it offers.
  • You’ve got many options for processing your team’s payroll, but the wrong choice can add up, both in terms of wasted time and in terms of avoidable fees, charges, and other expenses.
  • Payroll software with construction features can help you stay on top of paying employees so that you can concentrate on other business challenges such as supply chain issues.
  • The best construction payroll software contains all the tools you need to make timely payments and stay compliant with the latest government regulations.
  • ConstructionPayroll.com accurately records job expenses, labor assignments, and worker compensation classes.

Construction business owners must juggle multiple locations, time-tracking complications, unions, and unique concepts such as prevailing wages and certified payroll. Handling complex payroll structures is a common challenge in construction, especially when dealing with unionized workers, variable wage rates, and certifications. Construction accounting software simplifies these processes, ensuring accurate compensation and compliance with labor laws.

  • According to McKinsey, the construction industry has been among the slowest to digitize.
  • Overall, when evaluating payroll services for construction, it’s important to look for providers that offer these key features.
  • Its improved compliance features also help you avoid the pitfalls of prevailing pay rules.
  • It can also handle simple to complex job costing and offers a wide range of construction-specific reports, including custom ones to fit your business’ specific reporting needs.
  • Additional Foundation modules, like mobile and eAccess, also allow you to record and synchronize timecards and field data.

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