In payroll management, a payroll includes the details regarding the number of employees in a company who should be paid and other employment-related details. All the calculations and recording done in payroll are usually carried out by an accounting department. Accounting reports are then created to present all the data and calculations in a more comprehensible format. Thus, the management of payroll becomes a tiresome task if done in manual way.
The job of payroll also involves the calculation of salaries and wages of the employees. Calculating workers pay is more complicated task than the calculation of an expense or salary. Usually, the company sends out a payroll to the employees for them to keep track of their salary/wages every month. Now, with the increasing complexities and applications of payroll software, payroll tasks are a lot easier. Here are some of the payroll software applications you can use:
FAP Turbo – This payroll software has been used widely because of its ability to perform payroll functions more efficiently. You can customize the program to make it fit your business needs. It is easy to understand and set up. It minimizes errors in the payroll process and in calculating the pay period. This application also records employee information, which can be used in the payroll accounting reports.
payroll direct – This is an online payroll processing service that makes it easy for the company to maintain its own payroll system and to make electronic payments for the employees directly from the bank account. You can use this to manage the payroll and eliminate errors in the employee calculations. It can also be used in processing federal and state income tax returns as well.
Quicken Premier – The payroll system used by many small businesses is the Quicken Premier. It is considered as a simple payroll program. You can download it free from the website of the company. It has an online reporting capability so you can receive your reports for every pay period and month at any time of the day. It also has a tracking facility that allows you to create your own customized payroll system.
These are some of the payroll software programs that are used to automate the payroll process. Running payroll simply refers to setting up an effective payroll system that will help you in managing the salary of your employees. This will help you in reducing the tediousness of the payroll process.