Processing payroll is an essential part of running a business. However, it requires time and careful attention. Some businesses allocate one person for the job, others have a small department to handle the process. When there are people involved and personal information, it can get dicey, though.
Mistakes can happen when it comes to handling payroll. You have to pay attention to every detail. Hours need to be logged right; tax documents need to be handled properly. If something is typed inaccurately or processed improperly, it can lead to some costly errors.
Paychecks can get processed with the wrong amounts. Taxes can be underpaid or overpaid. This could lead to penalties or higher employee turnover rates. Payroll isn’t something that can be put low on the priority list for an overburdened employee; it must be taken seriously by someone who knows what they’re doing. That someone needs to get every detail correct, safeguard that information and provide it on a timely basis.
Payroll takes time, too. It’s not a matter of just typing in a few things and moving on. Because of the sensitivity of the material, it takes time to make sure everyone’s payroll information is filled out correctly.
The good news is, although many mistakes can happen, there is a way to help streamline the payroll process. When you use our payroll module, you gain complete control of your payroll, every step of the way. It allows you to have payroll data available continuously. It offers real-time calculation. There’s also an employee self-service feature for employees to preview pay statements, direct deposit and W4 change history. Tax Table updates are built in, too!
Our system helps you avoid mistakes like sending out a check too late or sending out the wrong amount. The system ensures that taxes are paid correctly. It allows your company to create a better payroll process that you can feel good about.
