Manually computing taxes and calculating employee salary is a drag. You have to account for everything: working hours, salary, and deductions to it from absences and tardiness. Also, don’t forget the bonuses, allowances and withholding taxes from each paycheck. It’s an arduous task for any type of business, big or small because even small businesses have a number of employees. Imagine computing two of your employees’ payslips manually, now imagine ten.
Not to mention the risk of miscalculations; you’d get into legal or financial trouble. Establishing and organizing your payroll is definitely a burden, but it’s a must.
Automated Payroll System
An automated payroll system is a software that makes the task of organizing and filling of employee payment easier. It keeps track of employee work hours, calculates wages and automatically updates the changes in taxes. It requires little input from the employer, thus, saving time and prevents human error. A payroll system is more accurate and easy to use and incorporate into your business. It would relieve you of unnecessary stress and excessive effort compared to when doing payroll processes manually. The only downside that I can think of about using an automated payroll system is you have to look for a good software and pay for it. But the equivalent of it to your time is worthwhile and you’ll be able to do more for your business.
Also, choosing a good software will eliminate the need for an in-house accountant. You can do it on your own, and you can maintain control of the payment processes of your business.
A good software has…
Security, your system should be password protected to avoid any tampering of information. Another thing is compatibility and flexibility. It is important that your chosen software should work with your business systems and able to grow with it.
Luckily you won’t have to go through every working software to find what’s compatible with your business. Because while Versitech Ph is a web development company, we travel the extra mile.
Since we’re also businessmen, we know the hassles and problems that entrepreneurs encounter. So we developed a flexible payroll system that other companies use and that we use in our business as well. There’s no need to worry about the compatibility of the software. We can customize the software to your liking. Also, our company takes full responsibility for the system, should you choose to work with us.
If you are currently having issues with your business and/or might encounter one. Feel free to contact us at email@example.com
We’ll do our best to address and solve your business problems.