1. Business benefits of payroll software
Posted on December 21, 2011 by David Stevenson
In the current economic climate, it can be a very uncertain time for many small businesses which
will be looking for various ways to make their organizations more efficient and streamlined. One
way to help achieve this goal is by integrating innovative software into their firms.
For instance, in a manufacturer’s shop floor, they could invest in quicker machines to help
improve their turnaround time. But one area that all small businesses can improve is their
payroll services.
By improving this particular sector of the firm they can increase staff morale by making sure
their employees are paid on time, and correctly. This in turn means that the taxman gets his fair
share and is not chasing companies for late tax returns or unpaid tax. Here’s where the payroll
software helps you handle the entire process in a hassle-free way.
So, what are the key benefits of payroll software? Here is a small list of them:
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2. Time saving
As I’ve mentioned already, many businesses are looking to make their procedures more timely
and efficient. By introducing new technology into the payroll sector it reduces the amount of
man hours needed for the procedure as the programme is automated. This means that when a
clerk enters the initial data of employees, their hours and tax deductions are worked out
automatically – and it can only be changed when someone from accounting alters the original
information.
Recordkeeping
Following this, it means that people in the accounting department can focus on doing their job
with fast, efficient and accurate data. Furthermore, by adopting this software clerks no longer
have to wade through hand-written ledgers and logs – and there is even an application that allows
managers and employees to leave inquiries for the accounting staff to follow up.
Planning and reporting
Once this small business software is adopted by firms it means that their payroll department can
provide them with very accurate reports about the company’s profits and losses. In turn this
means that organization owners and managers can see precisely what is left in the company
funds. This will allow them to make more calculated decisions on how to take their business
forward in the future, especially as the software is able to forecast labour costs while interacting
with budgeting and accounting programmes.
© 2011 Apptivo Inc. All rights reserved.

3. It also means that employers can quickly ascertain when they have enough money to recruit new
staff or if times are hard when to lay some off – or alternatively pay bonuses or increase salaries.
Money saving
Last but definitely not least is that this technology can save companies money. This is because
once the software is installed firms can cut the amount of payroll positions as it is an automated
system. Employers can also ensure that their employees are paid on time and the taxman gets his
fair share. It also means that they can make more informed decisions about where the money
from their organisation goes and what are the best investments to make.
Finally, by installing this technology it means that firms can take their payroll departments into
the 21st century to streamline their accounting processes.
Author: David Stevenson is a UK-based journalist who has written for numerous business-
related and trade websites. He has written on subjects ranging from business management
through to technical software systems for various organisations.
Share with us the benefits you or your friends have derived from payroll software. Mention them
in the comment below. Ex: @Mary has derived benefits from payroll software.
© 2011 Apptivo Inc. All rights reserved.