Managing and processing payroll is often a time-consuming and labor-intensive task. But online payroll calculators can be effective tools that make it easier.
As a payroll manager or HR professional, you know that good tools and automation can make their job that much easier. A quality online payroll calculator can be one of those tools. Fortunately, there are a variety of time sheet calculators that can be used to provide you with greater accuracy and time savings.
Sometimes they are called a time sheet calculators, time card calculators, or simply time calculators. These tools are often standard tools in many small HR and payroll departments.
In addition, having access to a different types of payroll calculators can help increase the efficiency of your payroll process, as well.
Online Payroll Calculators Can Make Your Payroll Process More Efficient
A well-designed and intuitive online payroll calculator can be used as a significant addition to your payroll process tools. However, they will quite be able to replace the benefits of payroll software or a professional payroll service.
For example, there are free online payroll calculators on our Accuchex website, that can enable you to compute payroll for hourly or salaried employees. You can use these handy tools to do quick calculations and to verify totals, etc.
To use these calculators you simply enter your staff member’s pay info, and the tool will process the numbers. In addition, they will show you the amount to pay and how to deduct for taxes. You can be confident that your computations are accurate with the most up-to-date tax tables, so you don’t have to think about it.
Also, the payroll calculators can be used to include overtime, bonuses, or payments.
Three Payroll Calculators to Fit Your Process Needs
These online calculators are incredibly powerful and valuable resources for your payroll process. They are easy to access and easy to use. Just enter your employee’s pay information and the calculators will process the numbers to show you the amount to pay and how to deduct for taxes.
There are three different calculators for all of your payroll processing needs:
The per hour calculator estimates take-home pay for hourly employees after tax obligations and other deductions are kept. Merely choose the hourly pay rate alternative to enter the variety of hours functioned as well as the gross hourly price.
The salary calculator determines take-home pay for salaried employees after tax obligations and deductions. Select the wage pay choice to enter into the gross income amount, and net pay is instantly determined.
With our gross-up calculator, you can compute gross pay based upon net earnings and allow for adjustments in 401(k) contribution quantity, changes in deductions for health and dental insurance and similar scenarios.
Consider the Advantages of Outsourcing Your Payroll
As good as these online payroll calculators are, however, there are still many advantages and benefits you miss by not taking your payroll process to the next level: outsourcing to a payroll management company like Accuchex.
- You no longer have to spend hours on your payroll process every pay period, manually entering data and figuring out deductions and contributions.
- You eliminate the risk making costly mistakes from incorrect input calculations, or from missing changes in employee status.
- You delegate the task of filing and paying all payroll taxes, accurately and on time, for multiple tax agencies operating on different filing schedules.
- You can ensure compliance for all payroll and filing issues and regulations, as well as keeping informed and up-to-date on every current change in payroll legislation and labor law.
- You have consistent, reliable support for answering your payroll questions, or resolving issues with payroll.
Taking the Next Step to Efficient Payroll Management
The key is to think strategically, and act tactically. In other words, anticipate your needs and expected growth while taking steps today to improve and streamline your current processes and systems. In many ways, your payroll process is the core function that helps maintain your business. So paying your employees as cost-effectively as possible makes good fiscal sense.
With the wide variety of tasks and accountabilities HR professionals are responsible for managing, having the best tools at their disposal becomes an ever-present concern. Programs evolve, technology changes, and what was purchased and installed three years ago, for example, may not be sufficient for today.
While using calculators and investing in the best available software are viable options, the next step you should consider is outsourcing. This can be simply outsourcing one process such as payroll. However, with a full-service provider such as Accuchex, you have additional options for outsourcing as well.
Let Accuchex help you in managing your HR needs, payroll processes, and staying on top of compliance demands. Get your Free Download: Payroll Outsourcing Guide to help you make an informed decision or call Accuchex Payroll Management Services at 877-422-2824.