Processing payroll can be a long and tedious process, but it doesn’t have to be. If you’re searching for ways to reduce the time you spend on payroll, there are effective ways to do it while still maintaining all necessary legal compliance. Here are five easy ways to do it.
Go paperless.
How much time do you think you spend each month searching for payroll documents? Probably a lot! Fortunately, you can eliminate all that wasted time by going paperless. By organizing and keeping all your payroll documents electronically, you can easily locate all the data you need by searching through digital folders by employee name or another search query. No more filing cabinets, closets, or desks filled with paperwork!
Automate your timesheets.
Many employers have their employees fill out manual timecards, which are later manually entered into your payroll program. Instead of entering this information into your system twice, you can use a payroll tool for CPAs that is linked to your payroll. That way, employees can enter their timecard information and view their personal payroll data via a convenient online portal. If you need the best payroll tool for CPA, visit this website.
Don’t try to do it all yourself.
Payroll can be complicated. However, you can easily avoid all that time spent researching laws and dates or finding solutions for unusual payroll situations. Asking for help from a local accountant or payroll professional can save you a lot of hassle and time. Or, if you use a payroll software, you can call or email the support line for professional assistance.
Set up direct deposit.
If you’re still handing out paper checks to your employees, you’re wasting valuable time and resources. Instead, consider using a payroll tool for CPAs and business owners that allows you to tell your bank how much money to send to employees’ bank accounts. A payroll software that includes direct deposit services can make this process very easy and quick because you’ll only need to enter employee wage information once. Then, every time payday comes around, the software will be able to accurately pay each employee’s wages quickly and easily, without any additional work on your part.
Rely on tax experts.
Similarly, you don’t have to struggle through the process of filing payroll taxes all by yourself. A full-service payroll tool for CPAs and business owners often has built-in tax reporting to help you get this done. These types of tools regularly update their tax rates, do all the calculations for you, and remind you of all the important deadlines so you can get things done on time.
Read a similar article about corporate payroll services here at this page.