The Benefits of an Online Payroll System
Once considered unconventional, automated online payroll systems are now widely used. An online payroll system may be desktop software installed on an office computer or cloud software that can be accessed from anywhere. These systems provide features such as time and attendance tracking, direct deposit, check printing, storage of payroll records, form printing, management of […]
Common Payroll Pitfalls
Preparing payroll can be a complicated, time consuming, and stressful task. The tedious nature of the job makes it prone to errors, ranging from monetary losses, a diminished company reputation, to regulatory penalties. To prevent mistakes, identify where the potential risks are. Then establish controls and procedures that reduce and/or eliminate the risks. Following are […]