Skip to main content

Benefits of Using Payroll Software at the Early Stage of Your Business


Benefits of Using Payroll Software at the Early Stage of Your Business
  1. Helps you make the correct payment
Payroll encompasses more than ensuring that your employees get paid. It will help you by notifying you when these tax updates arrive. Payroll Software takes away the pain associated with defining and optimizing the salary structures.
  1. Generate payslips
Using a Premium payroll software allows you to quickly and easily generate payslips with different templates for all your work- force with the statutory minimum amount of information included.
  1. Added Security
By managing payroll in-house with payroll software, the organization removes the uncertainty that comes with the sending of private information of an employee to a third party
  1. Saves more time and money
It takes more time and resources for an organization to manage its own payroll, when compared to payroll outsourcing. Payroll software helps to speed every aspect of the payroll process with a range of automated features.
  1. Less Mistakes
Often more mistakes are made when you manage aspects of payroll manually. With an automated payroll system you’ll have a peace of mind knowing that you’re compliant.
  1. Multiple User Access
Good payroll software allows You can invite your accountant or bookkeeper into your payroll system to help you manage it from anywhere in the world and from any machine.
  1. Cloud based payroll
All your data could be lost if your computer clashes, with the cloud based payroll software all your employee information is safely stored on cloud without any fear of losing the data.

Comments

Popular posts from this blog

CHOOSING THE RIGHT ACCOUNTING SOFTWARE

To find the right  accounting software  for your business, ask potential vendors the following questions: User Basic Software   is a Singapore based company, which develops business software to serve market in Singapore. Every business starts with User Basic Software. We inspire to be the number 1 integrated business solution provider and also aim to deliver cost effective accounting software solutions to the customers. Established in 1999, we are currently the leading company in providing accounting software, payroll software,  inventory software  and many more in Singapore and Malaysia. We market software for the small and medium enterprises (SMEs) market. The company is listed on the IRAS Singapore for compliance to it’s guideline on accounting software and CPF Board Singapore for compliance to IR8A and CPF text file online submission. Is your software built for small businesses? Is your software a good fit for my industry? Do you off...

Singapore Company Registration options for Foreigners

Singapore’s Economic Development Board has made an amazing work in offering incentives to international companies. Foreign companies looking for to set up their head office in Singapore are allowed to concessionary tax rates which range from 0 % to 15 % for up to five years. The country also offers a wide-ranging network of trade agreements, covering over 20 free trade areas in 27 economies and 71 double taxation agreements. Apparent of all these incentives, it is not surprising to find a huge number of foreign companies forming the core of Singapore’s mainstream industries. A foreign individual/entity wanting to incorporate a company in Singapore has several options which one can select based on their long-term business goals, type of industry, company size and other factors. The Accounting and Corporate Regulatory Authority is mandated with the task of registering all businesses, including foreign companies. The foreigner must take on the services of a registered filing ag...

THE BENEFITS OF PAYROLL AND ACCOUNTING BEING BUILT TOGETHER

Here are a few of the benefits that can be achieved with a built in payroll software system as part of your accounting software: Myob Accounting has become a household brand in Singapore and in many countries and known for it’s super easy to use accounting software functions. It has the ability to easily create chart of account, imputing daily transaction and real time viewing of accounting reports. Efficiency – employee information is maintained in one system, accessible to everyone that needs access, while controlling what is visible to each group Accuracy – payroll information is calculated by the software quickly and consistently Flexibility – payroll software  can be run for different time periods where necessary. Hourly employees can be paid on a different schedule from salaried personnel, and contractors may be paid on yet another cycle. Single Source – everyone views the same information. There are no spreadsheets or manual documents with conflicting inf...