2009 Product Review: PenSoft Payroll Accounting Edition by Peninsula Software

Peninsula Software of Virginia, Inc. is a private company founded in 1983. They are focused on providing payroll software solutions from data entry (in whatever format) to year end forms. The PenSoft Accounting Edition was first released in 2001, and is a comprehensive package that includes all of the features of the other packages as well as some additional ones.

PenSoft payroll processing software is designed to help small to mid-sized businesses process virtually all payroll and related tax requirements faster, easier, and more cost effectively. The Accounting Edition starts at $1,629 for new users, and is based on the number of employees (up to 50) of the largest client you will be using the package for. The fully expanded version, 501+ employees, costs $2,119 for the basic package. Currently, there is a discounted renewal rate available.
The PenSoft Accounting Edition includes tax tables for all 50 states and prints many of the state tax forms, prints both pre-printed and MICR checks, handles job costing, consolidated reporting, and even invoicing among its many features.
The Accounting Edition can be enhanced with the Remote Client option or the TimeOnline option:
Remote Client allows the client to enter data into PenSoft’s secure site which is then transmitted to the processor (accountant) at your convenience. With a cost of $.10 per payroll record at a minimum monthly fee of $10, it is very affordable. It is also secure, with the payroll processor having complete control over the use of the service. After your clients download and install the remote client application they are able to gain access to the secure Web site using their specific usernames and passwords. They can use this access to modify their organization’s employee list, enter time, and enter leave information. 
PenSoft’s TimeOnline is a time clock system ($2.00 per employee per month) that is accessible from any computer with Internet access, exporting the hours directly to the PenSoft Payroll program. It allows employees to view their schedule and time sheet data online.
Heidi Heretick, director of sales & marketing summed it up, saying, “PenSoft offers sophisticated, comprehensive payroll software for small to mid-sized businesses.  Users will find our software makes one of the most complex, time-consuming task employers face as simple as a few keystrokes.”

You may like these other stories...

By Michael Alter, President of SurePayroll Promotions are intended to extend the level of services offered to existing customers and to attract new prospects that may bring additional accounting, bookkeeping, or other...
By Jason Bramwell When San Francisco–based ZenPayroll Inc. launched in December 2012, its mission was to bring the power of modern software to the payroll industry through a Cloud-based service that's...
By David Ringstrom, CPAThe 2014 version of Sage 50, formerly known as Peachtree Accounting, is available for purchase now. As a result, certain users who rely on the payroll subscription are going to experience sticker shock...

Already a member? log in here.

Upcoming CPE Webinars

Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.
Aug 26
This webcast will include discussions of recently issued, commonly-applicable Accounting Standards Updates for non-public, non-governmental entities.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.
Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.