Payroll Systems
If your organisation needs a payroll system or is looking to upgrade an existing system then you are probably looking to reduce the administrative burden and costs of running your payroll. You will already be aware that using payroll software can speed up the process of calculating pay accurately, and making payments on time. It can also reduce the burden of understanding complex payroll legislation so as a consequence, it can also reduce administrative costs.
Payroll is a business-critical operation for every organisation - people must be paid accurately and on time. It is therefore essential that any system is properly implemented by people who understand pay legislation and that your staff are trained properly. As part of the process you will need to implement or review procedures and disaster recovery plans to ensure payroll system continuity.
Unlike most other business systems, you are dependent on a payroll supplier not only for training, support and help if things go wrong, but also for regular updates when tax and other figures change, and when there are alterations to legislation.
If all this sounds like hard work, let's look at the enormous benefits. The first and most obvious benefit implementing a payroll system is that pay calculations can be completed at the push of a button. Payslips are easily produced, monthly reports produced and year-end reporting automated. If you currently use a payroll bureau you will find the increased flexibility on it's own an enormous benefit.
Advanced payroll systems offer much more than the ability to calculate tax and NI and keep running totals. They can include, or integrate with, timesheet systems so that information about hours worked, whether collected automatically as a user or operator logs into a system, or manually entered into an electronic form, can be automatically transferred.
Not every business needs payroll software. If there are no complications, and if the business is relatively small, for example, less than five employees, manual payroll calculations can be relatively straightforward. Although payroll software can save a lot of time, even if there are only a very few employees, it can be quite expensive.
Centurion can provide you with a choice of payroll systems and we would be happy to talk you through the options available. Please call us on 01306 621062 or follow the following links:
