How Can an Automated Payroll Help My Business?

by Phylein Callangan October 14, 2019 at 10:01 AM

Payroll is an integral part of any business process in any company. The more employees you have, the harder this task becomes. Payroll software systems are designed to make payroll processing faster and more efficient so that employees can receive their salary on time. It also frees up time for you to focus more on running and growing your business.

 

Now as your company grows, questions like “Do I really need a payroll software?” or “Why should I buy a payroll system?” will have to cross your mind. The answer, my friend, is YES, it’ll make your life so much easier.

 

But first, what’s the difference between manual and automated payroll?

 

A manual payroll system is done entirely by hand usually utilizing Microsoft Excel and other spreadsheets, whereas an automated payroll system allows a company to process its payroll via exclusive payroll software. Manual payroll systems often result in payroll errors. It is also usually a slow and tedious process that results in miscalculations and lost revenue. Automated payroll systems offer a number of advantages, including increased accuracy, speed, and time efficiency.

 

The use of manual payroll can lead to errors in computation that are harder to trace due to limited time and piles of paperwork to review. This is one of the strengths of an automated payroll system: data are stored electronically and by this, it’s easier to trace the error committed in just a few minutes.

 

Now, what then are the advantages of using automated payroll systems?

 

Automatic calculation of employee pay and government remittances.  

An automated payroll system takes care of your employees' compensation, tax, and government remittances like timely contributions to the Social Security System (SSS), PAG-IBIG, and PhilHealth. By using automated payroll software, the very rigorous task of manually computing, filing, and going to government offices will reduce the processing time immensely.

 

Generate payslips and reports in a snap. 

Generating payslips of your employees, as well as, reports needed by banks, the Bureau of Internal Revenue (BIR), and other government agencies can be done in just a snap. You will also have access to these reports you need, whenever, wherever.

 

Easy on-the-go access to data.

Payroll software such as TsekPay provide web portals where you can access your employees’ information. This makes it a lot easier compared to a manual system where you will have to unearth specific records upon files and files of printed data from ages ago. Employees can now also view their payslips and edit their information online.

 

Payroll simplified.

TsekPay is a smart and reliable, no-nonsense payroll solution. By using this, payroll generation is a few clicks away so you can keep rolling on to the more important stuff. No-fuss. No accounting background needed. You don’t even have to be tech-savvy to use it since it’s user-friendly and has an intuitive interface. 

 

Payroll should be this simple. It’s time to focus on what matters most -- growing your business. Leave the daunting task of generating payroll to us.  For questions and inquiries, leave us a message at support@tsekpay.com. We’ll be happy to help! 

 

P.S. Great perks await, join our open beta now!