One of the most important issues that small and medium businesses have to deal with is calculating payroll for their employees. Some employees may work overtime, while others who took off-days may receive pay after deductions. Calculating the pay is very important if you don’t want workers in the company to receive more money they earned. Similarly, some workers may receive less than they actually earned. To minimise human error in this regard, you might want to consider purchasing a sophisticated payroll software program.
There are a number of different programs that are used throughout the corporate world for calculating payroll. Many companies create their own programs because of their needs, while others use streamlined, off-the-shelf solutions. Regardless of the type of program you choose, make sure that it has the option to generate online payslips. Some of the main reasons why you should switch from manual processing to an online payroll software program are highlighted below.
Client Billing Module
The most important feature that you would want to see is the client billing module. This is an automated billing and collection module designed to send invoices to clients, which accurately generates the amount due. This helps eliminate the mundane task of tracking the entire project, and then generating an invoice for hours worked. If you are receiving less pay due to miscalculations, your company will soon start incurring major losses. Most modern payroll software programs now have this feature, which could save you a great deal of time.
Auto Enrolment Solution
Choosing a payroll program that comes with an auto enrolment solution certainly has its benefits. The software will be able to track all of the deadlines, and will also be able to complete them in the background without requiring any sort of manual input. This includes processing a considerable amount of data between pension and payroll platforms. As the payroll manager, this takes away a huge burden off of your shoulders. You no longer have to worry about CSV file uploads and downloads, and poring over numbers for hours into the night.
Client Account Management
Look for a payroll software program that comes with a sophisticated user management module that allows you to designate certain members of the team as Account Managers. This will allow each Account Manager to automatically gain access to their designated clients and will ultimately help in boosting productivity. This will also help reduce time wasted by employees in sifting through useless information to find data related to a particular client. These are some of the main reason why you should switch to an online payroll software program.