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   Low cost payroll overview of options
There are many programs we could suggest. It depends on how many employees your company has, or, the kind of services you intend to offer, if you are a company offering payroll services, . Because Payroll changes every year, the costs involve both buying the product and paying backup services, which includes free provision of next-years Payroll. This can be a minefield, so we have listed the options below in ascending order of cost.

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Payroll has always had a certain mystery about it. Few people know the methods used to calculate gross to net pay, let alone Income Tax or National Insurance. The people who already calculate payroll on a PC know that, after a short learning curve, it’s not at all difficult. But when done manually it is repetitive, time consuming and prone to errors.

SSL SECURE PAYMENT SYSTEM

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Payroll software has an abundance of helpful features that will save you hours of work every pay-day.

No more poring over tax tables studying codes, columns of figures, PAYE, National Insurance and more. Payroll software does it all for you. They even handle full Statutory Sick Pay (SSP) and Statutory Maternity Pay (SMP), including all the necessary paperwork.

No more writing of payslips for employees and manually updating history records. It’s all automatic, updates for year-to-date reports, full analysis of payments for your own records, not forgetting the analysis and payslip for the Inland Revenue.

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6 Easy Steps to Implementing a payroll system

Install the payroll software and run through the tutorial.

Set up your company details, pension schemes, pay types, adjustment types and departments.

Set up your payroll by entering personnel details, i.e. name and address, tax code, NI category, salary, bank information, opening balances etc.

Select the period to run payroll. Enter payroll details for that period and enter any pay changes or adjustments.

Print payslips, cheques and payroll reports.

Post the payroll to update employee year-to-date totals.
What could be easier!

Finally, at the year-end, it produces all the reports for the Inland Revenue. Luckily, you only have to do this once a year. But do you remember how you did it last year? The time it took? Manually, it’s an awful lot of work…

Your PC and payroll software will do it for you - in just minutes!

And if your staff or the Inland Revenue have any queries, the audit trail and reporting will provide instant answers with on-screen enquiries detailing every payment and deduction for every pay-day for all current or previous employees, even for previous years.

Simply double-clicking on any figure will instantly “drill-down” further and reveal all underlying details. You will never need to walk to a filing cabinet again!

So, if you have decided to computerise your payroll, now is the time to do it.

Then it’s your turn to start reaping the benefits.

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Press here for detailed overview of SAGE Payroll

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last update 3 August  2006

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