Tag: Payroll Software

What Small Businesses India Needs To Know About Payroll Outsourcing Services

What Small Businesses India Needs To Know About Payroll Outsourcing Services

Small business payroll outsourcing is the most cost-effective ways of running your staff payroll!!!

Even the most meticulous and experienced professionals find that payroll can be a headache. Taking care of tax filing, cautious about the penalties, and now we are talking a full-blown financially-induced migraine. For many small businesses, payroll services offer an attractive and valuable alternative to in-house processing. When chosen correctly, they provide a less expensive, simpler means of paying your employees, filing your taxes, and performing a host of other duties these companies’ sales reps can’t wait to tell you about.

However, choosing poorly is like starting a new job you weren’t right for in the first place — it’s a hassle to leave, but if you stay, you’ll be perpetually frustrated.

insight 8x

did you know icon 1

image source: Slideshare

Companies often initially process payroll themselves for any number of the following reasons:

  • They consider in-house processing to be more cost-effective than outsourcing
  • They are protective of wage information
  • They want to maintain control over payroll data to handle last-minute changes.

Why Does It Make Sense To Outsource Your Payroll?

Payroll Processing is an important aspect of every organization. Payroll is also crucial because payroll and payroll taxes considerably affect the net income of most companies and they are subject to laws and regulations inclusive of employee benefits and overhead costs.

Payroll processing involves tedious routine work and it allows little margin for error and is usually well outside most companies area of expertise.

payroll processsing

Small business payroll outsourcing is becoming a huge business. Increasingly, small business owners are realizing that they don’t have to maintain a finance department in their business. They don’t have to employ finance staff and pay them the going rates, keep dedicated office space, heat it and light it; the list is endless!

They can save money – a lot of money – by letting another company that specializes in payroll outsourcing takes over the running of their wages and tax deductions for their employees. This makes sense for both the small business owner and the outsourcing company. They both stand to gain; it’s a mutually beneficial situation.

What Makes Payroll Outsourcing a Popular Business Solution?

Payroll outsourcing has become a very common and accessible business solution today. Many freelance outsourcing companies now offer payroll for business corporations significantly improving their operational performances. It has become very popular today because of the efficiency of their services.

payroll outsourced in-house

image source:slideshare

The fact that efficient professionals are charged with your payroll services mean that they can provide you with quality service in making careful calculations and other payroll functions. This is important because mistakes in computation of tax amounts or savings can cost you money and can waste your time. Some payroll companies however offer compensation for errors in their work or even pay tax penalties for failures in their service.

Paving Ways With Simplified Payroll Outsourcing Services………

With steady advancement in technology, legislation and work culture values, it has become essential to see payroll as a specialized function. For that reason, outsourcing your company’s payroll function aims at bringing process efficiency and enables the company to focus its energies on its primary business. In this pursuit, it requires payroll expertise to manage the most complex payroll and tax scenarios.

Payroll Processing Has Different Segments Which Are Also Outsourced And They Are:

  Payroll Management

By outsourcing Payroll management can bring about new business insights and help you focus on what you do best – running your own business. The payroll processing services allow you to take your human resources management to a higher level.

It is important for your organization to ensure error-free payroll management activities. This way your company can enjoy a payroll process which is timely and accurate. When you don’t want to manage all payroll processes in-house, you can think of payroll outsourcing to an experienced provider such as Pay Square, Finsmart, Intero Solutions, Top Source & ADP.

What Pro vendors have to say about outsourcing payroll……

ADP like we all know is a leading Payroll outsourcing service provider and now has extended the services for small businesses IndiaADP is been into offering customized payroll solutions for small business. The payroll solutions are simple, quick and designed particularly for the small businesses. ADP’s small business payroll solution offers services that include human resources information system, time and attendance and leave management that help you optimize various important aspects of your business – such as employees’ productivity, accurate payroll, compliance, just to name a few. The multi-country payroll solution from ADP ensures that it has your back covered when you are ready to expand your business.

You can read ADP’s latest newsletter here...

Like ADP, PaySquare is a leading Payroll outsourcing service provider that helps small businesses India manage it all – From consolidating HR/Finance and employee inputs to processing of Payroll, providing the respective outputs and managing statutory filings.

Managing complex payroll across locations- Ever changing regulations and policies across different categories of employees made it difficult to process payroll efficiently.

Manual interventions were many, but ideally, they wanted to do away with these and have a completely automated solution….Find more Pay Square case studies here.

monthly payroll time

did you know icon 1

Pay Square believes that having accurate payroll and on-time payroll matters a lot. Every employee wants to get paid on time and when they check their bank accounts on the day of salary they want it to be exactly what they were expecting and they do not want to find any.

Let the experts manage your payroll processing, which in return will give you:

accurate salary calculationpayroll practices

The benefits you avail by hiring payroll outsourcing services:

  • Fast turnaround
  • Assistance throughout the entire life-cycle of the employee, right from the day of recruitment to exit
  • Streamlining of all payroll processes
  • Reduced investment in IT infrastructure
  • Well thought-out resource deployment

benefits of payroll image

  • Strict adherence to compliance and statutory requirements
  • Error-free documentation and reports
  • Solid business intelligence that helps top management with their strategic initiatives
  • Low-risk of penalties due to non-compliance
  • Speedy and efficient resolution of all employee issues

 

leave management icon   Leave Management

The HR department always tries its best to ensure compliance with leave policies as well as ensure that there are enough resources available for business continuance. Besides, they strive to improve employee satisfaction.

Managing leave data can indeed be a challenging task when done manually or using traditional methods. A technology that simplifies leave management is most needed for streamlining leave and attendance data and outsourcing payroll service providers help their clients to achieve the same.

By outsourcing Leave Management services, it will make easier than ever before for your business, your HR team and managers, and your employees. It allows employees to holistically maintain leave data and information, apply for leave and get approval from their managers through an extensive set of user-defined parameters, available in the application. The same is available on mobile devices and helps increase productivity by providing access anywhere, anytime.

The key benefits that your organization will enjoy are:

  • Increases productivity of the organization by streamlining the leaves of the employees
  • Employees enjoy the privileges of leave without disturbing the work process of the department
  • The software helps ensure the compliance to labor laws without any hassles
  • Manages the system of leaves and makes it easy to refer later by managers

Now no more mistakes when you have a PRO to take care of….PaySquare being “PRO” outsourcing vendor when it comes to “Leave Management”. PaySquare’s Leave Management System enables clients to focus on strategic goals rather than bothering about day to day leave and attendance related operations.

payroll flow chart

Pay Square clients enjoy the benefits like:

  • Employees can directly apply for leave online, comp off, encashment, view leave balances & other related time – off information.
  • Various outputs stating the leave calculations/ balances etc.
  • Leave Planner for better resource management.
  • Interface with attendance systems for data transfer & Attendance regularization
  • Rights for updating of shift roistering/ approval of leaves/ adjustment in leaves etc.

Some of the case studies of the Pay Square clients are presented here:

  • DELIVERING VALUE IN A RE-ENGAGEMENT CASE

SNS Tech was facing challenges in accuracy and consistency from their existing payroll partner

  • CONSOLIDATED PAYROLL ACROSS GROUP COMPANIES

“TACO was looking for a partner who could streamline the payroll process and operate with 100% accuracy. Points like centralization of data and consolidation of inputs were also high on their wish-list.”

time attendance image Time Attendance

Tracking time and attendance of the employees are very important, as it forms the basis for many HR activities like Payroll Administration, and so on. Moreover, it is very important that employees meet the required time schedules. Outsourcing your time and attendance to the payroll service provider will help you to manage your employees’ time and attendance data effectively. You can ensure that employees record their work time using employee self-service, while you centrally record the data in the Human Capital Management System.

Outsourcing your Time & Attendance will integrate a seamless working pattern across your existing systems around biometric devices, swipe cards and any other conventional attendance systems along with future-ready solutions including NFC & GPS based Attendance. Your organization can visualize your employee availability across your offices leveraging the geo-spatial abilities to tag an employee to a specific location.

Get free quotes on payroll processing from SME Joinup now!!!  

statutorycomp Statutory Compliance

The landscape of statutes of labor laws is constantly evolving, and it takes a special agility to keep abreast of all the latest developments and ensure compliance.

It is absolutely imperative to comply with all legal and statutory norms for businesses to operate successfully in India. This often involves a significant investment of resources, time, and continuous monitoring to be in the know of all the changes that are happening, in order to be compliant and avoid penalties.

stat compliance

With the ever-changing employment laws, it becomes a challenge for small and mid-sized companies to keep themselves compliant. What these organizations need is reliable HR compliance services from an experienced provider. To ensure timely and efficient statutory compliance in your organization, the following aspects must be in place:

  • Unrestricted access to local and regional expertise
  • Expert support during all audits and inspections
  • Following ethical practices
  • Knowledge of time-lines for adherence to the many laws and regulations
  • Updated documents and data in a centralized location, and which are readily available

As you can imagine, this takes a lot of effort and investment in terms of both money and manpower. Not every organization can afford to or even want to spend so many resources in ensuring compliance. Nonetheless, it is absolutely vital for a business to be compliant to all the laws of the land.

It statutory compliance outsourcing to an experienced firm, you can ensure compliance without having to hire and maintain a separate department for it.

The outsourcing payroll service providers come with years of experience and expertise in the following areas:

  • Statutory compliance audit
  • Statutory benefits administration
  • Comprehensive coverage of all labor laws – Factories Act, ESI Act, Minimum Wages Act, Bonus Act, Shop and Establishment Act, PF and Misc Provisions Act, and Labor Welfare Fund.

Benefits of outsourcing your statutory compliance:

  • The clients benefit from outsourcing statutory compliance management in many different ways.
  • Sound corporate governance
  • An increase in focus on strategic business areas
  • A reduction in the labor overheads
  • Timely compliance and adherence to all the different statutes and labor laws
  • Avoidance of all litigation and associated costs that may arise out of non-compliance
  • Complete and accurate maintenance all records that are relevant to compliance

The Scope of work offered by outsourcing service providers:

The services offered covers all the following under the labor laws that are applicable to your factory of establishment:

  • Audit of Labor Law compliance
  • License application/amendment/renewal
  • Maintenance of statutory registers, records, notices, and returns
  • Liaison with Factories, Labor, ESI and PF authorities
  • Remittance of statutory payments
  • Continuous monitoring of contractor compliances
  • Nominations under different legislation
  • Exemptions under labor legislation
  • Benefits under labor legislation
  • Accident coordination activities

No matter what…

READ MORE

 

Website: www.smejoinup.com
Mail: request@smejoinup.com
Call: +91–8378011112

Advertisements

Understand The Difference Between 3 Types Of Payroll Services- Those Offered By Bookkeepers, Certified Public Accountants And Professional Payroll Services

Payroll is an area in which you (SMEs or startups) do not want to take any risk because it leads to some financial and serious legal consequences. Most of you have no clue which type of payroll service suits to your business? So, here SMEjoinup.com going to tell you about the main differences between three types of payroll services and how can they be improved with the help of an expert firm?

Payroll is a serious concern for every SME. It is mandatory for all businesses to pay employees as per the government’s rules and regulations. But often SMEs believe that in the early days having a bank account for paying employees in a legal way is pointless. So they never think of hiring a payroll service provider agency for making payment to the employees on the records.

This short-term thinking leads SMEs to dire fallouts when the company account is audited for any legal concern. So what SMEs or you can do to avoid this pitfall? How an expert agency can be hired? Who can deliver the best services to deal with this issue? This post is explaining the answers to all these questions and related information;

Significance of Payroll Service

Payroll system is one of the core areas of your business. Usually, it is pursued to manage the employees’ expenses, allowances, salary, gross pay, deductions, tax and much more for a specific time period. Management and accounting are two main essential parts of payroll.

payroll process

Additionally, to process both these departments in an effective manner, you need to use right featured software which generates different reports about employees. It offers some outstanding benefits either to the employees and SMEs;

  • It clarifies employees about their salary, leaves, deductions etc.
  • Help SMEs to manage employees’ data efficiently.
  • With this service, transferring salary and generating pay slip is easy with the convenience of a mouse click.
  • Manage the company security and confidentiality.
  • Generate employees’ related reports easily whenever required.
  • It keeps a record of employees leaves, salary etc.

Types of Payroll Services

3 types of payroll services are as below:

In-House Payroll Service

In-house payroll service is workable when the number of employees is very small or about less than 10 in a company. It this case, you have limited data to maintain and an employee can do that easily by using payroll software.  However, the employee, who is responsible for payroll system, must be updated about the employee’s laws, salary norms, tax deductions and filing etc. The key advantage of this system is that you need not disclose the company’s secure data to an outsider.

Bookkeepers and CPAs

Bookkeepers and CPAs hired for outsourcing of payroll services. They deliver accounting, tax, financial reporting, audit, and other economic services on a paid basis. In this process, a bookkeeper or CPA prepares financial statements for your business. He helps in reviewing the financial declarations all along to maintain the data of your employees and delivering bank interface services.

Just make sure whom you are hiring for service is a certified CA or accountant with very good market reputation because he needs to work on a sensitive data of your company including employees’ data, joining, salary, leaves etc.

Payroll Services

When you take the decision to hire a payroll service agency for your small business, it means you have a team of payroll experts who will assist you in the different tax and regulatory requirements whenever needed. They deliver accounting and administrative services including automatic deductions, employees’ day-to-day expenses, direct deposits and many more.

On the behalf of your company, payroll firms make all decisions of payments and protect from penalties for late filing and any wrong information. Nowadays, payroll service provider companies allow small business owners to manage and monitor payroll details online through a secure web browser.

In this case, you need not purchase any additional system or software. You keep the track of all your employees’ payments, leaves and deductions on your monitor, as per your convenience.

READ MORE

Website: www.smejoinup.com
Mail: request@smejoinup.com
Call: +91–8378011112

Payroll Outsourcing Services And Payroll on Cloud – Know The Difference

Payroll Outsourcing Services And Payroll on Cloud – Know The Difference

Earlier; there was a pre-mindset that Payroll outsourcing services is just one part of the process and that would be a costly affair. Security of data, too, was a major concern back then, with companies feeling in-house processing was much safer and also gave them options to alter processes whenever there was a need to. Before the advent of newer technologies and better capital management systems, companies of all sizes deemed payroll processing to be an in-house function.

In-house payroll processing was considered the best utility option because it essentially completed the whole cycle, from hiring employees to releasing them. The companies had the flexibility of changing the structure and system, while also customizing their reports.

Payroll outsourcing services were considered clunky, and moreover, costly. Companies felt there was a lack of flexibility and processing payroll in-house would lead to better efficiency. Today, all of these concerns are no longer valid. The rapid advancement of technology has made it easy for companies to adapt to with cloud payroll, filling a gap that was long left empty.

Technology has become a big part of the picture, present in every function carried out by your business today. Cloud computing has made it possible for companies to streamline their processes, much quicker than before. Payroll is a critical function for every business out there, which is why you need to choose the best option in front of you.

Cloud is simply outsourcing in a new manifestation, disrupting every industry piece by piece. Unlike the traditional outsourcing industry, cloud computing is newer, with many entrants still learning the capabilities this industry has to offer. There can be seen a paradigm shift, with many features now being deployed over cloud a… READ MORE

 

Website: www.smejoinup.com
Mail: request@smejoinup.com
Call: +91-8378011112

Top 10 Payroll Services and Payroll Software in India

Top 10 Payroll Services and Payroll Software in India

Payroll services that are outsourced is an act of delegating payroll administration to a third party having expertise in payroll processes. Generally, companies outsource their payroll functions to cut costs, and to get better services and to ensure smooth and error free monthly payroll cycle.
Payroll services are the most outsourced function in the business world. Titans like Ceridian, Automatic Data Processing Inc., Paychex have been responsible for cutting the paycheck for businesses large and small for many years.
Now that small and medium-sized enterprises have increasingly wrested market share from big corporations, large payroll companies have had to adapt their services to meet the needs of these smaller clients. Simultaneously, technology advances have led to viable payroll software solutions, and vendors have scrambled to meet the needs of SMBs who feel underserved by the payroll behemoths.
Can the payroll service providers meet the specialized needs of today’s small and midsize businesses? Will it be wise to outsource payroll services Or bringing payroll back in-house and using specialized Payroll software the best route for SMBs? SME Joinup breaks down both options to help you choose what is best for your business.
According to the recent survey by Small Business Taxation Survey, the businesses handling payroll internally, nearly one in four reports spending more than six hours per month on payroll. That’s at least 72 hours per year—nearly two full workweeks.
It is to assume that the hourly cost for internal payroll staff to be $36, these 72 hours translate into $2,592 per year. So the businesses doing it themselves are spending their own man-hours on the payroll, while those who outsource believe it’s worth paying someone else to…
Call: +91-8378011112
How To Get Rid of Payroll Stress From Your Business ?

How To Get Rid of Payroll Stress From Your Business ?

Human resources are important to the success of any business. As an owner of a small business, you know that people are your most important asset. But unlike large organizations, most small businesses do not enjoy the privilege of an HR department to handle administrative tasks such as payroll. This lays a big burden on the limited resources and adds to mounting risks and costs.

Here are some ways you can help take the stress out of payroll:

Reduce payroll-related cost

As a small business owner, you’re constantly on the look-out for avenues to maximize your investments. But unwanted costs in the form of non-compliance can affect the health of your business. ADP survey shows that organizations across the APAC pay up to $1.24 million as a penalty for non-compliance. Apart from these there are other costs of running payroll and HR systems in-house such as labour costs of staff working to keep payroll systems running on time and ongoing IT maintenance fees.

Investing in a reliable payroll solution can help growing businesses avoid a considerable cost. With the right payroll software, payroll processing can be made cheaper, more efficient and far more reliable.

Reduce payroll-related risk

Most small businesses do not have the budget capable of supporting the outcome of a crisis and continued business operations. This makes it important for small business owners to follow best practices to avoid risk. But the pressures of running a fast evolving business sometimes mean that these best practices are not adhered to.

ADP’s research finds that 37% of company data is left sitting in Excel or similar types of databases. This increases the risk of a probable misuse of data or a software crash could mean your employees not getting paid on time. Also, if the resource handling the complex spreadsheet system leaves the organization, it would be a payroll nightmare on your hands. Mistakes caused by using manual methods of payroll cost companies almost 1% to 8% of their total payroll. Payroll on cloud is accessible anytime and anywhere which helps you stay on top of your administrative tasks while not spending a lot of time doing them. It also ensures that no data loss occurs for any reason. 

Boost business growth with the right payroll provider

Most growing businesses operate in a highly competitive environment. This makes it important for small business owners to choose their tasks wisely and concentrate on strategic activities that would promote growth. By using the right technology, you can free up your time to focus on what matters.

A survey of small businesses by the Manchester Business School found that 88% of cloud users experienced cost savings and 56% found that cloud services helped them to boost profits which is a perfect recipe for growth. Moreover, cloud software grows with you – you don’t have to continually upgrade your software as your company grows.

Relieve your workforce from payroll stress

According to Gallup, companies with engaged employees outperform those without by up to 202%. The right employees are critical to the growth of your business. It is important that these employees are engaged in the right way. Since most operations are not automated in small businesses, they tend to employ more senior people to do administrative tasks.

Also as small businesses typically do not have the budgets to maintain large teams, there could be a risk of few people taking care of multiple tasks thus increasing the possibility of getting payroll wrong through human error. By removing payroll from your small band of employees’ job responsibility, you can make better use of their talent and free up their time to operate on people core job roles. This not only boosts performance and job satisfaction but also gives you the reassurance that your payroll is always up to date thanks to your reliable payroll partner.

Become more competitive with the right payroll software

Most small businesses which invest in a payroll software find that the benefits can go way beyond cost. Old, inflexible internal systems and processes can limit your competitiveness. A payroll provider can provide strategic value to your business, and makes you more competitive, with –

  • Predictable and scalable fees
  • Zero maintenance and infrastructure costs
  • Up-to-date compliance knowledge
  • Clear overall payroll costs
  • Single, easy to use, cloud-based platform

The best payroll provider knows your business inside out and has the right payroll solution that complements your business growth. ADP Vista HCMSM is one such solution which can give you tremendous benefits while protecting your business from errors stemming from lack of knowledge or visibility. Invest in the right technology today to build the business of your dreams.

To request for a free demo and understand the functionality and simplicity of the product fill in your details on

KNOW MORE

 

Website: http://www.smejoinup.com
Mail: request@smejoinup.com
Call: +91-8378011112

How Cloud Payroll Can Help You Save Time In Your Small Business?

How Cloud Payroll Can Help You Save Time In Your Small Business?

If you run a small business, you must be well aware that time is your most valuable asset. According to an e-Voice survey, 53% of small business owners say that the most difficult part of running a small business is having to cover multiple jobs and not finding enough time to get everything done. The same survey also quotes that of the many roles that a small business owner handles, keeping a track of accounts and payroll is enjoyed the least. Luckily administrative tasks such as payroll can be automated today with the help of a reliable software thus making a business owner’s life easier.

Cloud based software can be your answer to a low-cost and efficient payroll processing.

#1. Pay your employees in three simple steps with the right Cloud payroll solution

When on the lookout for Cloud payroll software, business owners should consider factors such as simplicity and ease of use. Manually updating your system with all of your employees’ database and running a software with an elaborate set of instructions on a monthly basis can be cumbersome. Choose a software which can best aid your business but not at the cost of your time. Essentially look for a software which can help you run your payroll in three simple steps – Upload payroll data, Process it and Make payment.

A flexible solution which comes pre-configured with all of your employees’ data will further enhance the ease of use. Another important consideration is to make sure that setup support is available to you.

The right guidance can help you transition faster from your current payroll system to a cloud platform. A payroll provider which can promptly address all your queries with a strict adherence to SLA should be considered. Seek out a provider which can give real time assistance via a web help-desk which will ensure optimal business-continuity with regards to payroll.

#2. Stay up to date with tax changes and avoid unwanted costs

Do you spend a lot of time working through changes in payroll compliance on your own? The right payroll software can help you stay up to date on changing payroll laws and tax rates. Choose a solution which is supported by industry experts which makes it easy to track, develop and implement any new changes in payroll related legislations. The good news is there are several reliable cloud payroll software available today with built-in tax liabilities and which are updated real-time with tax changes thus leaving business administrators stress-free.

#3. Increase employee ownership and save time through self-service portal

Most reliable payroll solutions give your employees the freedom to access their data at any point of time through an employee self-service portal. Employee portals allow employees to keep a track of their payroll history. They help cut down on redundancies and save a lot time from answering repetitive employee payroll queries. Moreover, it can also help you let go of all the manual paperwork and filings. Intuitive dashboards and reporting provide the right visibility to employees to answer their payroll questions on their own.

#4. Save time through better human resource management

Most payroll solutions also offer additional HR modules. An integrated HR module such as a Leave Management System can help you configure leave rules and policies. It also helps you streamline processes which in-turn makes tracking your employees’ leaves easy. These modules also come with in-built automatic workflow notifications which can help you stay on top of your employees’ day to day activities. All these features invariably help you in saving a lot of your productive time.

#5. Cloud Payroll Software: A valuable investment

To a small business owner who is juggling multiple roles on a daily basis, time is a precious commodity. To make the most of the time on your hands, invest in an automated cloud payroll software. ADP Vista HCMSM is one such software which can help you stay up-to-date on your payroll tasks while bringing down your administrative burden considerably. With several innovative features such as an adaptable payroll management platform, dynamic dashboards, effective leave management system, and easy to use self-service portal, this software can help address your monthly payroll challenges effectively.
As a small business owner, you give a lot to keep a business moving. Today, gift yourself a cloud payroll solution that can help you get back to doing what you do best – building your business.

GET FREE QUOTE

 

Website: http://www.smejoinup.com
Mail: request@smejoinup.com
Call: +91-8378011112

TwLinkedinFb

Key Benefits Of Hiring Payroll Processing Services

Key Benefits Of Hiring Payroll Processing Services

Hiring payroll processing services can offer small businesses an appealing and beneficial alternative to managing payroll internally. Tedious administrative and routine works like calculating payroll, preparing checks, determining tax obligations, and maintaining accurate records can be burdensome and costly. Outsourcing payroll services can help you cut cost, save time and ensure accurate tax calculations. Payroll companies can offer HR payroll solutions that help you improve your company’s human capital management and benefits.

Outsourcing payroll for SME has become even more viable as third party payroll companies are shifting focus from big organisations and offering customized services to small businesses. The significance of payroll outsourcing can better be comprehended by looking at the key benefits it provides –

1) Accountability

Tax regulations change from time to time and that increases the chances of making errors. Corporate payroll services can cover the requirements of filing state and federal payroll taxes for your business. This reduces the headache of knowing the latest tax code, filing deadlines, deposit requirements, tax tables, government forms or payroll software version.

2) Productivity

Employing the expertise of a professional third party payroll company eliminates the time-consuming process of having you or your staff manage payroll. Thus rendering you and your staff free of monotonous administrative work, allowing you to use your valuable time and energy for core and more important business activities.

“One of my rules is if you have one employee, get a payroll service,” says Rhonda Abrams, president of the business services site ‘The Planning Shop’ and author of the guidebook ‘Hire Your First Employee’. 

3) Cost-Effectiveness

Carrying out the payroll function in-house requires you to hire experienced staff to do the activities involved, you may have to purchase relevant payroll software and buy software updates when needed. You may also have to bear cost of technical support provided by software vendor. On the other hand, HR payroll solutions providers charge a reasonable fixed amount and additional fee for extra services. This is often more cost-effective than maintaining an in-house payroll team and software.

home_graphic_01

4) Multiple Options

Payroll outsourcing India offers varied service choices to clients. Clients can have their employees’ payroll data uploaded in the vendor’s online system and managed by them. Many payroll outsourcing companies also offer services outside of payroll processing, such as new-hire reporting, tax payment and reporting, and employee benefits assistance.

5) Financial Reporting

Payroll system outsourcing comes with added benefit of having all your payroll related reports ready on time, effortlessly and effectively. Payroll outsourcing firms provide reports such as summaries on earning statements, time sheets, expenses, payroll by departments and several other useful reports.

Hire payroll services for your business!

Every company is different, and there is no single software solution that is perfect for every employer. If you are interested in finding out what integrated payroll solution will work for your business then Intero, Finsmart, Paysquare, TCF and Top Source are the reliable names to go for. These third party payroll companies are expert at what they do and can meet your needs.

Promising high level of professionalism and customer service, these payroll services providers are well aware of the requirements of small and medium sized businesses. They can help you save a lot of time and even money, allowing you to concentrate on more important parts of your business.

These payroll outsourcing companies are run and managed by highly qualified chartered accountants, who leverage latest technology and have stronghold of statutory requirements. These vendors can offer you – accuracy and consistency to increase payroll efficiency, compliant payroll services, high level of automation, improved operating efficiency, and protection against employee dissatisfaction, costly errors and hidden costs.

CLICK HERE TO KNOW MORE

 

Website: http://www.smejoinup.com
Mail: request@smejoinup.com
Call: +91-8378011112

 

FbLinkedinTw.png