A Payroll System provides more than just the option to print a pay slip, it keeps record of the all your employee records and calculations that you make to work out your employee's salary and deductions under the Pay as You Earn (PAYE) system.
Intoweb's Payroll System also covers all the different payment options you can make, calculating and processing all the information regarding wages and salaries, overtime payments, commission and bonuses, holiday pay and statutory payments like Statutory Sick Pay and Statutory Maternity or Paternity pay available through the convenient of a click of a button.
Employers can manage the payroll of the business manually but, using payroll system software saves time, reduces errors and makes your payroll tasks much easier to complete. Using a payroll system is a good option; a payroll system has the functionality to provide forecasts meaning you can plan staff costs and budgets by entering hypothetical numbers to see the exact total cost that an employee is or would occur to the business.
The other day-to-day operational benefits of a payroll system range from the online submission of the monthly and annual statements and forms of employers, to UIF and Pay As You Earn (P.A.Y.E) submissions on the deductions made on your employees salaries as well the company contributions. These dreadful tasks are fast and easy when integrated with your payroll system.
It is quite clear how a payroll system can assist in time management and overall productivity of the HR department.
If the payroll system operations are run well there is more time for the HR employees to focus on providing the support and look after the general well being of the companies employees These important advantages of using electronic payment software instead of manual methods should be the front of mind when looking into your Hr departments overall function.