Payroll Processing Systems: The Benefits for Your Company
It could be argued that your payroll system is the most important system within your organisation. It manages the most expensive part of the company – the labour, so if your system isn’t working for you in the best possible way, it is, in effect, affecting every single person in your organisation. Bureau payroll software is an integral part of running a business these days and certainly one you should be considering if you own or run any organisation.
Human resources and accounting need to be aligned to ensure that everything runs smoothly, which sounds simpler than it actually works in the day-to-day operations of any large company. HR are concerned with how much each individual is salaried, according to their position, when they accrue holidays and bonuses and how much is due to each person. Payroll for accountants is a more complex affair, as tax rules and regulations must be adhered to and these have undergone some changes in the UK recently.
Luckily accountancy payroll software has come forward in leaps and bounds over the past few years. Specific software companies, such as Primo Payroll, have developed easy to use software that saves time on payroll for accountants, making deadlines and compliance easier than ever.
If you are considering changing to a more integrated system or finding the old way difficult, consider these benefits to using a new, automated system.
Human error is common in any organisation but with an auto enrolment system and a system that performs routine tasks, you eliminate the risk of this.
2. Less paperwork
Payroll processing for accountants used to involve piles of overflowing paperwork. An integrated system means that both sensitive information and forms can be stored within the Cloud. This is a safe practice, that also means your filing is up-to-date and far neater than storing files in drawers and pulling them out when required.Human error is common in any organisation but with an auto enrolment system and a system that performs routine tasks, you eliminate the risk of this.
3. Automatic updates
Once someone enters new information to the system, it will recognise the other areas that require the same info and update for you! This is a great time saver when it comes to managing clients and when tax information is changed, it updates across the board, removing the need to manually insert for each employee.
4. Specialised reports
Most companies need to produce specialised reports, especially for HRMC. This can be a time-consuming task, which can often only be handled by bureau payroll software that has all of your company information, client details, and employee records on file. Having a system in place saves on employee working hours and many headaches, particularly towards the end of the tax year.
These are just a few of the benefits to having proper accountancy payroll software that works for you. If you’d like to know more about payroll processing for accountants then call Primo Payroll today on 0845 456 7181. They specialise in accountancy payroll software and are based at Unit 2A, Bourne Court, Unity Trading Estate, Woodford Green, Essex IG8 8HD, working with companies across the UK.