2016 Review of AccountantsWorld After-the-Fact Payroll

 

Best Fit: The product is best suited for accounting firms that are currently utilizing other AccountantsWorld products.

Product Strengths:

• Product can be accessed online from any desktop, laptop, or mobile device
• Offers seamless integration with other AccountantsWorld products
• Product is affordably priced for even smaller firms

Potential Limitations:

• Product offers limited integration options for applications outside of AccountantsWorld

After-the-Fact Payroll from AccountantsWorld is designed specifically for professional accountants as a payroll system that offers excellent year-end tax reporting capability as well.

From the 2016 review of W-2 and 1099 preparation and filing systems.

Basic System Functions – 5 Stars

After-the-Fact Payroll, like all AccountantsWorld products, is completely cloud-based. The product is designed to provide both after-the-fact payroll processing as well as the processing of year-end tax forms including W-2’s, W-3’s, 1099 forms, 1098, and 1096 forms. The product also handles both quarterly returns and unemployment insurance returns, along with standard federal forms such as 940,941, 943, and 944. The product is accessible from any browser, as well as a variety of mobile devices such as tablets and smartphones. The product supports multiple system users, with those users able to log in from any supported device.

After-the-Fact Payroll will perform automatic payroll calculations including standard calculations such as net pay, FICA and Medicare deductions, and all standard and user-defined payroll deductions. The product can also handle specialized deductions such as tips, 3^rd party sick pay, and reimbursements. Dashboard functionality provides users with complete access to all system clients, and users have the ability to enter payrolls by a specific pay period, or consolidate multiple pay periods for complete reporting capability. Payroll information can also be imported into After-the-Fact Payroll from other applications using an Excel file format.  

Reporting – 4.75 Stars

After-the-Fact Payroll offers a good selection of payroll and tax related reporting including payroll registers, employee listings, an employee payroll summary, and employee earnings, taxes, and deductions. A W-2 report is also available for year-end processing, as are summary reports for 941, 940, SWT, and SUI.

The product supports all common tax reports including Forms 940, 941, 943, 944, W-2, W-3, 1099-MISC, 1099-I, 1099-R, 1099-S, 1099-DIV, 1096, 1098, and 945, and also supports state quarterly withholding and unemployment returns. Electronic filing is available for both federal and state quarterly forms along with both W-2’s and 1099’s.

System reports are easily processed, with users able to view all forms and reports on screen prior to processing. Reports can also be printed or saved as a PDF as well.  

Integration/Import/Export – 4.5 Stars

After-the-Fact Payroll is part of AccountantsWorld Suite of applications designed for professional accountants, offering easy integration with all of the applications available, including AccountingPower, where data can be accessed in order to process year-end 1099’s. The product also integrates with other AccountantsWorld products such as Cloud Cabinet, Website Relief, and Practice Relief. For those using other third-party applications, data can be imported from those applications in both CSV and XML formats.

Help/Support – 4.75 Stars

After-the-Fact payroll offers users free system support during regular business hours. Support options include web and chat support options, as well as telephone support. There are a variety of webinars that can be accessed, with users able to quickly access recorded webinars or sign up for an upcoming webinar.    

Detailed help options and instructions for form completion are available in the product, and AccountantsWorld offers professional accountants a variety of tools and resources to assist them in growing their practice, including best practices, case studies, and success stories.

Summary & System Pricing

After-the-Fact Payroll, from AccountantsWorld is both a comprehensive payroll processing system as well as a terrific resource for year-end processing and tax compliance reporting. Designed to work in conjunction with other AccountantsWorld products, After-the-Fact Payroll is available for $395.00 for the first year, and supports unlimited clients. After the first year, product pricing includes 75 clients and a charge of $4.00 per client over 75 charged.

2016 Overall Rating: 4.75 Stars