Payroll software options

The Benefits of Cloud Payroll for Your Business

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Payroll software options
Make compliance and payroll easy.

In today’s digital age, one of the best ways to save time and money while increasing efficiency is to go paperless in your payroll system. Cloud payroll software is a great way to streamline the process. Time and costs associated with running the payroll are reduced. No more manually printing and posting payslips. Let’s take a look at some of the benefits of using cloud payroll systems.

Reduce Errors & Increase Efficiency

Manual data entry is one of the most common sources of errors in any business’s payroll system. When you switch to a paperless system, your data entry errors are significantly reduced due to automated processing. This helps ensure accuracy and consistency in your records. Convert rosters to timesheets to employee pays simply and easily using solutions like Deputy or Tanda. Tracking employee attendance and performance simply and accurately. Additionally, most cloud payroll software sync with your accounting software such as Xero. This automation also allows employees to access their payslips online, eliminating the need for manual file storage or physical mailings.

Save Money & Time

Paperless payroll systems can help you save money by reducing administrative costs associated with printing forms and envelopes—not to mention postage fees! Additionally, paperless systems reduce the amount of time needed for processing payroll compared to traditional systems. This eliminates double handling of entering timesheets and you will get through your payroll quickly. Leaving you time to move on to other important tasks. No more worrying about dealing with paperwork or tracking down misplaced documents.

Increase Security & Protect Data

When it comes to protecting sensitive employee information like tax file numbers or bank account numbers, paper-based systems are far from secure. With a paperless system, employee data is encrypted before it is sent through an email or stored on cloud-based servers. This ensures that data is safe from hackers who could potentially gain access to confidential information if they had access to physical documents. Plus, since there are no physical documents floating around in filing cabinets, unauthorized personnel won’t be able to access them either!

The benefits of switching from a traditional paper-based payroll system to a modern cloud solution cannot be overstated. By going paperless, you reduce administrative costs associated with printing forms and envelopes, and increase security by encrypting sensitive employee information before it is stored on cloud based servers. Furthermore, switching from manual data entry processes reduces errors significantly while saving time so that payroll can be processed quicker than ever before! If you are looking for ways in which to keep up with their competitors, implementing a cloud payroll system seems like a no brainer!

Contact Shellys Bookkeeping for help to implement a cloud payroll for your business.

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