What To Look For In A Quality Outsourced Payroll Service PowerPoint PPT Presentation

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Title: What To Look For In A Quality Outsourced Payroll Service


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What To Look For In A Quality Outsourced Payroll
Service
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  • Managing payroll can be an exhausting process
    that is often fraught with difficulties and
    complications, especially for smaller companies
    without the resources to devote to it full-time.
  • From auditing timesheets and aligning
    reimbursements, to getting to grips with complex
    reporting systems, payroll processing can take up
    a lot of time and resources, and yet, its a
    process that cannot be ignored or second guessed
    at. At least not if companies want a happy, paid
    workforce!

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  • Fortunately, outsourcing gives companies of all
    sizes an opportunity to get payroll completed
    accurately and on time, every month relieving
    their burden and guaranteeing a more contented
    and productive workforce. But, its important to
    choose an outsourced payroll provider you can
    trust, and with this in mind, here are some
    traits to look for in a reliable and trustworthy
    payroll service

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  • Reliability
  • Payroll must be processed accurately and in a
    timely manner, every single pay period if it
    isnt, you might as well try and do it yourself!
    To this end, its important to check reviews of
    providers that youve shortlisted, to see which
    one has the best track record. To help minimize
    errors and expedite processing, many online
    providers of payroll services file and pay all
    payroll taxes automatically, along with
    processing W-2s and 1099s, and reporting all new
    hires to the government.

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  • If your chosen provider uses an online system,
    you must ensure that they follow all best
    practices and regulations with respect to the
    safety of data and cybersecurity.
  • Versatility
  • Whatever payroll system your chosen service uses,
    it must be able to handle a variety of
    transactions that are essential to both your
    business and your employees, such as 401(k)
    plans, health savings accounts, bonuses and
    overtime among others.

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  • You must also consider the level of flexibility
    you require from a payroll service, in terms of
    contractor payments, scheduling, calculating
    wages, disbursement methods and so on. And, as
    the majority of workers in the U.S. are paid via
    direct deposit, youll need this to be a feature
    of whatever payroll service you choose. Even if
    your company is small and your payroll needs are
    currently basic, as your business grows, youll
    almost certainly need a payroll system that can
    handle more complex and time consuming
    requirements.

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  • Simplicity
  • A payroll service that is difficult to use could
    end up not saving you any time and money at all,
    so make sure that your chosen provider uses a
    system that is intuitive and easy to update. Its
    also important that you have access to human
    customer support as and when you need it, which
    will make dealing with problems easier, and get
    you your questions answered quicker.

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  • Compatibility
  • The payroll service you end up choosing must be
    compatible with your HR, accounting, scheduling
    software, and time tracking, if its to be truly
    effective. Effective integration can reduce the
    stress, time, and errors associated with a range
    of administrative tasks, and leave you with more
    time to focus on other aspects of your business.
  • Being able to reconcile your payroll, bank
    statements, and ledger regularly will give you a
    much clearer and more accurate picture of your
    companys finances, and enable you to generate
    employee reports, sales and other data with ease,
    all of which can give you any number of useful
    insights into your business.

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  • Payroll services are the ideal solution for
    companies who want to streamline their payroll
    systems and pay employees accurately and on time,
    in a consistent manner. Helping to reduce errors,
    keep companies compliant, and simplify what can
    be a complex process, a wisely chosen payroll
    provider can be a real gift for businesses of all
    sizes.

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  • Apollo Payroll is dedicated to delivering expert
    advice, responsive service, and highly accurate
    payroll processing and reporting to ensure the
    success and growth of the business that we serve.
    Our services include comprehensive payroll
    services in Homestead and other cities in
    Miami-Dade County, employee background check and
    group health insurance in Miami Coral Gables
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