There are many good reasons why small businesses should use payroll software, and below are just some of the more obvious reasons. Read through them to understand more about the advantages that small businesses gain when they use payroll applications.
Avoid the costs of outsourcing
Small businesses are always looking to reduce expenses. Outsourcing payroll is common with small businesses, and though the money used to have a professional take care of payroll is usually money well spent, it is often expensive. This expense can be avoided however by taking payroll in house, and with no detriment to payroll accuracy or reliability when the right payroll software is chosen. Good RTI payroll software is either competitively priced, or completely free if you have few employees. Payroll software is always a cost-effective option.
Speed up the payroll process
From bringing new employees onboard to managing additions and calculating sick pay, payroll software can greatly simplify payroll management and make lengthy, tedious tasks much quicker and easier to manage. Small businesses don’t want to waste time stuck with tricky, lengthy payroll tasks, but it is the job of payroll software to deal with these tasks so the business doesn’t have to.
No technical expertise needed
Small businesses might be hesitant to adopt payroll software because they think that it takes a high level of skill and expertise to use the software properly. This is not true however, as there are plenty of modern payroll management applications which are designed from the ground up to be easy to use and simple to learn. Supporting tutorials and documentation are often provided to help the user deal with all of the important payroll tasks, with information and prompts provided at every step in case the user gets stuck.
Detailed Analysis and Reporting Tools
It is very beneficial for a company to be able to analyse each employee’s pay history, leave, pensions and statutory pay, to help with starters and leavers and for the company’s finances in general. Some payroll software offers detailed employee charts that allow you to see all important financial information at the click of a button.
Support available when it is needed
There are many smaller businesses that want greater autonomy, but many worry that they will become unstuck with their payroll if they face difficulties or technical issues with their payroll software. The best payroll software providers offer free customer support around the clock, so support is only a phone call or an email away if ever such problems arise. Good providers also provide resources which allow the customer to learn everything about the software, how to use it, and managing payroll in general. This allows companies to achieve the autonomy that they desire at no extra cost.
About the author: Mark Spencer is a BrightPay.co.uk Marketing Specialist, with over 15 years’ experience in the Marketing field and Direct Marketing Techniques.