Whether you are a new business, an established but smaller business, or a large enterprise with multiple departments, how you manage your payroll process is critical.
The process can seem exceptionally complex, especially for new or small businesses with limited staff. However, with a proper system in place, you can manage payroll efficiently, accurately, and in full compliance.
Manage Your Payroll Better With These 10 Steps
One of the truths of successful management is the need for effective systems, or processes. Without a comprehensive, consistent and repeatable process very little can be done reliably in a business. Despite the fact that each business is different from others and may have unique requirements, the essentials for most every process is essentially the same for any business.
To that end, this infographic serves as a guide and a "cheat sheet" that summarizes the ten essential steps of a basic payroll management system, or process. If you have already set up and established your payroll process it is a good idea to take time to review and assess systems. This tip sheet can help you with that, as well.
There are a wide variety of reliable resources available to help you fill in the specific details for each of these steps. You can begin with the SBA and other sites, or consider one of the many software tools available for payroll management.
Documenting your procedures and developing a system for maintaining and updating that documentation is also key to a successfully managed payroll process - or any other process, for that matter.
Make Your Payroll Management Easier, Not Harder
While using an in-house payroll software to manage your payroll operations can be a good option, often having these processes handled by a third party company can be more advantageous. With the plethora of rules and regulations far beyond simply understanding how to handle direct deposit, for example, it makes sense to delegate those responsibilities to a professional company that specializes in payroll, HR, and insurance functions.
Accuchex is such a company. In addition to the time and money savings that can be had by outsourcing, you will also have the security and peace of mind that comes with knowing that your payroll is being managed accurately and expertly.
Getting Help to Take Your Payroll Management to the Next Level
As a business owner or payroll manager you have a number of options for your payroll functions. Software that can be installed in-house, or cloud-based programs offer a good alternative. But if you really want to take full advantage of the benefits available to you, outsourcing to a provider like Accuchex can still be the best decision.
Reliability, full-service options, and reputation are the hallmarks of a quality payroll management service provider. If you are currently looking to invest in outsourcing you get your Free Download: Payroll Outsourcing Guide to help you make an informed decision or call Accuchex Payroll Management Services at 877-422-2824.
