Personal bookkeeping software is available with a wide variety of features and goals. Quicken, for example, is one of the most popular choices for personal finance and household bookkeeping software. This type of software can integrate your bills and accounts so you can track every household transaction and match it against your preset budget allocations for things like groceries and entertainment. It can be an incredibly useful tool for those trying to monitor their spending habits, as well as conscientious households in general. Not all of these systems do the same thing, however.
A Different Kind of Household Bookkeeping Software
Households can have very different bookkeeping needs. And there’s one situation in particular that speaks to a specialized need for household bookkeeping software: If you hire someone—be it a nanny, cook, gardener, or butler—as a household employee, you’re going to be responsible for some basic employer filing forms. Specifically, in addition to W-4 and I-9 employment forms, you’ll have to file W-2s and a Sch H 1040. With these forms, you’ll be able to determine, document, and begin withholding for payroll and income taxes, as well as the total wages paid to the employee. These filing requirements can seem like a lot at first, but our household bookkeeping software is just what you need to input, organize, track, report, and print information as a household employer.
Household and Personal Bookkeeping Software from AMS
Advanced Micro Solutions (AMS) has a powerful and intuitive menu-driven platform. Our core set of data management features include versatile file importing, multiple data entry options, and reliable information reporting and printing. From there, you can bring additional support to your system with any number of products. Most of our customers are small-to-medium-sized businesses, but again there’s a special case in which individual households are considered to be employers by the IRS even outside the traditional business structure.
Our unique module interaction is a great fit for this type of personal bookkeeping software. Simply put, you can pick and choose what support features make sense for your filing forms. Better yet, we’ve created a low-cost module (Forms Filer Plus) for simplified household employment filings. Check out all our products and prices to get a personalized estimate and to explore whether you’d also like to be able to automate your payroll processing, e-file, or print your own blank filing forms with other add-on modules:
- 1099 & W2 Software
- Forms Filer Plus
- Payroll Software
- Software-Generated Forms
- E-File Direct
- Affordable Care Act Filer
- 1042-S Filer
The worst thing you can do is ignore the requirements altogether. The potential penalties and hassles for paying household employees “under the table” are not trivial. Once more, there’s no reason to feel intimidated about complying with the paperwork and filing forms for your household employee(s). Download our free accounting software demo to see what our software can do. You can talk to Sales and Information about choosing your products and getting started. From email communications to a customer support line, from our download and instructions help to our Live Chat feature, you’ll always have the help you need with AMS.