The One and Only Payroll Automation Guide You’ll Ever Need
Did you know businesses with payroll automation in the US overachieved their revenue goals by more than 7%?
Are you a small business owner who is looking for ways to make your life easier? If so, payroll automation may be the solution you are looking for. Automating your payroll process can save you time and money. It can also help ensure that your employees are paid accurately and on time.
If you are considering automating your payroll, read on!
What are the benefits of payroll automation?
There are many benefits of automating your payroll process. These extend beyond saving time and money. They also include improving the employee experience as a whole.
Save time
With payroll automation, you can say goodbye to manual work. Goodbye to the days of manually calculating hours worked, entering data into multiple systems, and chasing down paper timesheets. Automating your payroll can help you reduce the amount of time you spend on payroll processing by up to 80%.
Accuracy
When you automate your payroll, you can say goodbye to the mistakes that come with manual data entry. Automated payroll systems can help you avoid errors. Common errors include calculating hours worked, calculating pay rates, and issuing payments.
Efficiency
Payroll automation can help you streamline your entire payroll process. This means everything from tracking employee hours to issuing payments. Automated payroll systems can help you manage your payroll more efficiently, and they can even help you keep track of vacation and sick time.
Improving the employee experience
Payroll automation can help improve the employee experience. It does this by providing employees with online access to their pay stubs. It also reduces errors that may otherwise leave an unpleasant taste in employees’ mouths.
Integrates with attendance systems
To take it a step further, many payroll software can integrate directly with time monitoring systems. These include time-tracking apps and clock-in cards. Systems even integrate with upcoming software like biometric attendance from NCheck.
What are some options for automated payroll solutions or services?
If you are ready to automate your payroll, there are options available to you. Here are just a few:
Gusto: Gusto is a cloud-based payroll solution that offers features like online pay stubs, direct deposit, and tax filing.
Paychex: Paychex is a leading provider of payroll and HR services. They offer a variety of payroll solutions, including online and mobile payroll.
OnPay: OnPay is a cloud-based payroll solution that offers features like direct deposit, online pay stubs, and tax filing.
QuickBooks: QuickBooks is a leading provider of small business accounting software. They offer payroll solutions that include features like online pay stubs, direct deposit, and tax filing.
When it comes to choosing an automated payroll solution, there is no one-size-fits-all solution. The best way to find a solution that meets your needs is to talk to a payroll professional.
What’s next?
Now you know the benefits of payroll automation and some of the options available to you. It’s time to take the next step. Talk to your accountant or bookkeeper about which payroll solution would be best for your business.
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