Whether you're a new business, an established small business, or a large enterprise, how you manage your payroll process is critical.
The payroll process can seem exceptionally complex, especially for new or growing businesses with limited staff. However, with a proper system in place, you can manage payroll efficiently, accurately, and while staying in full compliance.
10 Steps to Help You Manage Your Payroll Better
One of the realities 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 your business is different from others and may have unique requirements, the essentials for most every process is essentially the same for any business.
Ideally, most every function in your payroll should be done the same way each time, every time, with the same results. These process, or procedures, should not vary unless or until new regulations or requirements dictate. Or if new technology is brought in to automate some of these functions.
With that in mind, we offer you this handy infographic to serves as a guide that summarizes the ten essential steps of a basic payroll management system, or process. If you've already set up and established your payroll process, it is still a good idea to take time to review and assess your current systems.
This tip sheet can help you with that, as well.
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There are a number 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 ever increasing burden of rules and regulations 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 payroll, 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.