Dominion Payroll Review and Guide 2021

Unlike before, when organizations used the conventional way of payment to pay their employees, several different payroll companies are trying to dominate the market with their services with the aid of technology.

If you don’t know how to compile payroll yourself, you can use payroll software. This software reduces the risks of errors or fines. Most payroll services like ADP and Dominion handle your payroll taxes, filings, and new hire reporting, all online.

Payroll software allows companies, regardless of their sizes, to manage and streamline their payroll processes. This is to ensure that all employees are paid timely and accurately.

Payroll Software

Payroll software accounts for the pay rate and calculates what an employee should be paid. It simplifies the work of the human resources (HR) departments. Some of the work a payroll software does include:

  • Automating payroll processes
  • Tracking the numbers of hours worked
  • Tracking time and attendance
  • Allows employees to submit time-off requests

Accounting departments are also not left out. Accounting teams utilize payroll software to support accurate bookkeeping and manage expenses. You can use this software for your business to calculate;

  • Wages
  • Taxes
  • Pre and post-tax deduction

Also, it can help you comply with different state and federal taxes and social security requirements. With the variety of payroll software available, organizations that use payroll software mostly leverage multi-country payroll software.

A good perk about some payroll software integrates several other tools like core HR software, accounting software, benefits administration software, time and attendance software.

Benefits Of Payroll Software

There are several benefits of payroll software; some of them include;

  • It calculates payroll calculations and deductions
  • It is accurate – it generates accurate payslips
  • Calculates bonuses, expenses, vacation pay, and more
  • It automates tasks, such as year-end reporting
  • It stores data like payslips and annual reports in a secure, easily accessible database

Why Companies use Payroll Software

Most companies use and rely on payroll software to ensure accurate processing and payment of company payroll. Since payroll software is designed to handle complex payroll calculations with exceptional accuracy and efficiency, organizations simplify their work.

Payroll software reduces human interaction and saves time. Below are some of the reason why most companies utilize payroll software:

  • It aids productivity
  • It is accurate
  • Security
  • Self-service feature

Who Uses Payroll Software?

Organizations with HR, accounting and finance teams mostly utilize payroll software. Below are some of the people that use payroll software:

  • Human Resources
  • Accounting and Finance
  • Employees

Types of Payroll Software

Currently, there are two significant types of payroll software available based on installation and operation. Before choosing any, it is crucial to differentiate between management and payroll processing software. Payroll software calculates paychecks from hours logged in time and attendance tracking systems. With it, companies can access more flexibility in features, control, and cost.

The two types of payroll software solutions are:

  • Cloud-based

Cloud-based payroll software can store programs and data on a remote database or cloud system. Any computer can access it with an internet connection. Cloud-based payroll solutions give security as businesses can handle their data, protecting their employee’s information ultimately.

  • On-premises

On-premises payroll software shares similar features with cloud-based solutions. One of the significant differences is that it has to be installed and implemented on a company’s server. To facilitate this solution, an IT team is required to maintain and manage the system.

Features You Should Look Out For In A Payroll Software

Every payroll software has similar features, yet some unique features are peculiar to some software. Generally, below are some features you should look out for when choosing a payroll software:

  • Calculate and pay employee salaries
  • Calculate and deduct withholdings
  • Track time and attendance
  • Generate payroll reports
  • Comply with local and national workplace laws and privacy regulations

We will be reviewing Dominion Payroll service, its features, pros and cons.

Dominion Payroll Review and Guide 2021

Dominion Payroll is a unique system that gives users access to hire, pay, and benefit their employees. All these can be done remotely on one easy-to-use platform. One of the unique perks of this payroll software is adapting to all client’s needs.

The platform’s goal is to provide the industry’s best human resource management software and customer services. The process of integration is automated via a cloud-based system to simplify how businesses operate.

Dominion payroll is suitable for all business kinds and sizes looking for an affordable and easy-to-use payroll and HR solution. It is available in the following locations:

  • Richmond, Virginia
  • Dallas, Texas
  • Charlotte, North Carolina
  • Jackson, Mississippi
  • Nashville, Tennessee
  • Tampa, Florida

Features of Dominion Payroll

As mentioned above, there are certain features you must look out for when choosing payroll software for your company. And since Dominion Payroll service is one of the best cloud-based online service companies, it offers one of the most exclusive payroll features.

Some of the features of Dominion Payroll include:

  • Onboarding
  • Employee Database/Profiles
  • Recruitment Management
  • Tax Filing
  • Direct Deposit
  • Benefit Plan Administration
  • Garnishments
  • Time & Attendance Management
  • Time Off Management
  • Payroll Management
  • Self Service Portal
  • Performance Management
  • Applicant Tracking
  • General Ledger
  • Worker’s Compensation

Pros of Dominion Payroll

  • Web-based. Cloud, SaaS
  • Value for money
  • Easy to use
  • Swift integration
  • Free trial
  • Web-based
  • In-person training
  • Live online training
  • Webinars
  • Documentations
  • Prompt customer support

Cons of Dominion Payroll

  • It does not support mac, windows, android, iPhone and iPad.

Available Payment Options on Dominion Payroll

Dominion Payroll Services uses a direct deposit system to facilitate payment. This enables them to pay employees quickly and easily without errors.