What is Payroll Management?
The payroll management process, in a nutshell, refers to the process of administration of a company’s employee’s financial records. This would include details of the employee’s salaries, incentives, bonuses, deductions, and net pay. An employer must maintain and keep these records as dictated by the law. Not complying with the Income Tax laws pertaining to employee records can be grounds for legal consequences.
What are the the essential Features of Payroll Management Software?
Should be able to generate automatic payrolls Should help in creating accurate and fast Invoices and quotes Should be useful in filing Tax forms Must contain basic tax reporting tools Must contain tools for Vendor and contractor payments Should be easy to integrate with other in-house software Should make compliance easier
What is a payroll management system?
It is a system used by the companies to help handle the computation and maintenance of records of employee’s salaries in an efficient and effective manner. All the information is collated in one place which makes report generation easier.
Why should I opt for a managed payroll service?
- It is not an all-or-nothing strategy. While you outsource some part of the work you are still in control of the functions performed in-house.
- If you can get services from an expert, why settle for less? Additionally services offered will be efficient, secure and accurate.
- It allows you to concentrate on your core business without neglecting your most critical asset – people.
Why should I opt for this product while there are so many products offered by other organizations screaming “use me”?
The major benefits you would get are:
1. A complete package of payroll services.
2. No hidden charges and costs.
3. Expert assistance and advice across all relevant areas.
4. Efficient services offered by a dedicated team.
Why is outsourcing of payroll services a preferred option as against keeping it inhouse?
Outsourcing your payroll to a reliable third party service provider makes the task easier since all the elements of payroll and the associated compliance are handled by a team of experts.
How does the query management operate on this product?
Our team is responsive and understands the essence of time. They will constantly work towards resolving issues in a swift manner.
