Every successful business is the result of a sound strategy and an eye on the bottom line. One component of an effective business strategy is outsourcing key business functions to save money.
When most businesses are in their beginning stages, payroll management is typically a fairly simple task. Often, depending on the size of the start-up, it can be the owner managing payroll. The bookkeeping is usually straightforward, and payroll consisted of the owner and maybe just a few employees.
The larger your company becomes, the more time-consuming and complex your payroll functions become. And the never-ending parade of federal and state regulations and changes doesn't help.
If your company has been growing over the last few years it's likely that you're management team is feeling more pressure with the growth. In particular, you may be realizing that you could use more help with your payroll management.
[A previous version of this post was published in January 2015. While software and online apps continue to evolve, change and multiply, certain tools remain essential to effective payroll management.]