Payroll is an essential part of the company. It’s not

precisely all about giving on the right amount to the

employees, but sustaining an in force and reliable

payroll will be helpful to the company’s development.

Doing payroll may be easy, but it’s extremely stressful

if you committed mistakes and other failures due to

manual payroll operation.

The fact that manual payroll is taken away completely

by hand, there are a bunch of possible events that could

occur because of human failure. The person

responsible in managing the payroll does all the

paperwork for timesheets, checks, records, and other

related jobs. He may do miscalculations or might look

across some details that might be fairly mixed up that

will result in significantly more genuine issues further

down the line.

Want to know when to switch from manual payroll to

automated payroll?

If you are a payroll guy or a business proprietor and

have had some of the common errors in operating your

payroll then its time for you to grab a list of quality

payroll software at once.

1. Miscalculations. This may be the most common error

in payroll. This

miscalculation error could

be in the computation of

tax and payment of

overtime. There should a

clear policy which should be

followed in the

computation of overtime

and the deductions as well.

2. Misclassification of employee. An

employee should be sorted correctly if he’s “exempt”

or “non-exempt” status. Because the calculations for

over time depends upon the employee status. And

there are standards regarding each status that must be

taken into considerations.

3. Mishandling of records. For manual payroll,

mishandling of records is inevitable. Human is error-

prone while for automated payroll, incorrect inputs of

information may lead to record-handling error too.

Due to the huge amount of information, confusion

may arise and the information might mix up with one

another.

4. Late or incorrect deposits. If series of errors are not

fixed right away or was just ignored, surely,

that will slow down the process and incorrect amounts

might be deposited all along.

5. Poor security and backup. Unexpected circumstances

may happen. If the payroll system has no reliable

security, untrustworthy people might break through

into the information and the confidentiality of the

records is at risk. Also, having no backup is a sure

problem. Records should be saved well.

With all these common problems, it may damage the

reputation of the company and also the person handles the

payroll is liable too. The employees might lose trust in the

company and the quality of work might be affected.

A business should consider various functions or features

when choosing a payroll software. Several payroll software

in the market is offering best features, yet costs too much.

In choosing a payroll software, you should know its

capacity if it can go along the changes, particularly in

technology and business trends and can last for a long

time.

1. Reliable yet affordable. It

should provide accurate

computations and should

conform to the legal business

rules. With correct error-

handling and stable

information management

capabilities.

2. User-friendly.

- It has to provide the ease in

deploying the system.

- Easy to understand and navigate.

- Simple yet incredible. It should eliminate slow

loading.

3. Ability to lessen paperwork and totally takes out the

need of numerous spreadsheets.

4. Can provide precise and hassle-free summary and

report creation.

5. Can secure the confidentiality of the information and

can guarantee safe and quick backup of data.

6. It should meet the needs of your business.

Visit our website australiabpo.com for more information.