There's no doubt that payroll services can make your life easier as a manager. But to ensure that you're getting the best deal you can, be sure to check with a potential payroll company to see if they can offer you these important benefits.
Integrates with Your Timekeeping and Bookkeeping Software
With many payroll services, you will be working through an online portal that allows you to send payroll data to the company for processing. It helps greatly if this software can integrate with your bookkeeping software and/or your timekeeping program. The fewer times you have to enter data in manually, the fewer opportunities there are for human error.
Allows Employees to Set Up Their Own Accounts
Some services also allow employees to easily set up their own accounts on the timekeeping and payroll platform. This can save you a great deal of time in creating accounts and training employees to use the portal.
Easy for Employees to Use After Onboarding
A good payroll service will also have an interface that is easy for employees to work with in case they have any questions or issues with their pay amounts. For instance, they may be able to request copies of their past paychecks or provide information for their W-2 on this platform. A great system makes it easy for employees to find the information they need and access missing info, such as passwords.
Helps Calculate Payroll Taxes Automatically
A great payroll interface makes it easy for you to input and double check your numbers. It should be able to calculate any extra expenses, such as payroll taxes, automatically. It does so based on the numbers that you put in for your salary amounts. Some software will also give you an alert if the salary amounts or other calculations look unusual.
Gives You a Dedicated Payroll Specialist
Finally, the software only goes so much in providing a good service. There are still parts that will be done by a payroll professional, such as verifying the payroll information and processing direct deposit. A great payroll company will assign you a payroll representative who will get to know your business and take care of payroll on a regular basis. This will make them all that more efficient at processing your payroll and catching any errors that come up. If you should have any questions on your end, you'll know that someone is there on the other side of the software to quickly straighten out any snags you run into.
For more information, contact a business such as Homer Wilson & Co Ltd.Share
1 November 2016
Accounting is the absolute most important element of running a business. If you mess up the bookkeeping even the slightest bit, the entire business could be in trouble. I know how costly a small bookkeeping error can be. About three years ago, I made a seemingly small mistake in the financial records for my business and the next year when I filed my taxes, things were very bad for me. What would have required a small tax payment had suddenly turned into a big tax bill and quite a headache. Since then, I have worked with an accountant and things have been better.