Why should you buy a payroll system? Do you really need a payroll software? This article will answer that question and help you decide in buying.
Payroll is one of the most important task among business processes in a company. The more employees you have the harder this task becomes. Payroll software systems are designed to make payroll processing easier and faster so that employees can receive their salary in a timely manner. They free up time for you to focus more in running your business.
Sometimes when we use manual payroll we might commit errors in computation that might be harder to trace due to the limit of date we have. This is the strength of computerized payroll systems, because data are stored electronically and you can trace the error committed.
What are the advantages of a computerized payroll software?
Automatic calculation of taxes and government requirements. A computerized payroll system takes care of your employees taxes including other deductions like SSS, PAG-IBIG and more. You do not need to do the very rigorous task of going into government tables and then manually compute all of them.
Comprehensive human resource information system. Some versions of Philippine payroll software keeps file of personal data regarding your employees sick leave, vacation leave, performance records, qualifications and basic information. This makes access to information a lot easier compared to a manual system where you will look for employee records upon file and file of printed employee data.
Generate reports in an instant. Generate reports needed by banks, the Bureau of Internal Revenue (BIR) and pay slip of employees. You will have access to the report that you need at the time you need it.
Access your data online. Employees can access their data online through web portals provided by payroll software such as the Philippine Payroll Enterprise edition. File leaves online wherever you are specially if you have an emergency. The web portal is password and has user-set access level.
Software simplicity. The Philippine Payroll Pro is very simple since it is home grown and tailored fir for the Philippine setting. You do not need to be tech savvy to run it because it is very user friendly and the interface is intuitive.
It is time to focus more on your business and leave the daunting task of generating payroll to a trusted payroll software. For questions and inquiries you can just CONTACT US.