Several different companies across the nation offer online payroll to help businesses with their payroll accounts, taxes, and employee benefits. Companies experience significant savings when they handle their own payroll services as opposed to outsourcing a company to perform the service for them. With an online service, you can perform many tasks, such as calculating paychecks and deductions, printing checks, and making deductions for retirement plans and IRA accounts. When you purchase payroll software from a provider, the software does all the calculations for you. You can also receive management reports for all types of transactions.

Benefits of an Online System

With an online system, larger corporations can keep track of their financial processes, while smaller companies can avoid hiring additional employees to take care of payroll and other financial tasks. The main reason for purchasing online payroll software is to save money and make the job of running a business easier and more efficient. But before making a decision to purchase payroll software, there are a few things for you to consider. The following are some key questions to ask when searching for online payroll services:

1. How fast is the turnaround time (i.e., the time when you enter information to the time that checks are cut)? It’s important for you to hire a company that processes your checks as quickly as possible. When it comes to payroll, you need to get checks out to your employees on time in order to keep them satisfied.

2. Does the company have a good customer service department? You need the ability to reach a live person to help resolve any issues you may have. Do they offer 24/7 support? Are their representatives available when you need them? Do they get back to you in a timely manner?

3. Are they certified? The most reputable online payroll services are fully certified with the American Payroll Association and must be in business for at least three years.

4. How much do they charge? The amount of money the payroll company charges is always the bottom-line for any company.

As a smart business owner you’ll need to do some research to help determine the best payroll service for your organization. The Internet and Yellow pages offer the best resources to help you in your search. From your favorite search engine, you should be able to pull up dozens of different companies from which you can choose. When you find one or two that look good, give them a call and ask a few questions about their company. Doing so will always give you an idea of how well the company’s customer service department handles your questions.

How Does it Work?

The whole process is fairly simple. First of all, you log onto the provider’s website where you enter your financial data and send it to the provider via the Internet. In some cases, you can also transmit the data using the provider’s software and a modem. The software dials into the provider’s website via the modem and the Internet. Obviously, you use the Internet to transmit data, but you can also use your own computer to enter your financial data. It’s a safe and secure way to transmit your payroll, taxes, attendance, and other information across the Internet.

Many online payroll providers also give you the ability to handle your company’s tax information as well. Additional services include tax forms (state and federal), tools, supplies, and customer service. Some payroll companies offer e-mail reminders, instant paychecks, and customer support 24 hours a day, 7 days a week. With so many different options and services available, an online payroll service may be the perfect solution for you and your organization.

 

Article by BuyerZone. BuyerZone is a leading online service provider that connects buyers and suppliers for a range of services and equipment such as payroll services.

 

Share This