How Payroll Software Can Increase Productivity for Your Small Business
Running payroll can be time consuming, especially if you’re
trying to calculate it manually. Using payroll software can save you a lot of time,
often at an affordable price. You’ll eliminate the need to manually calculate check
amounts and tax withholding. If you choose a payroll service that includes time
tracking, like Workful, you won’t even have to calculate how many hours each
employee worked. Because the program does the hard work for you, you will get
hours of your time back.
Keep reading to learn four more ways a payroll provider can
increase your company’s productivity, so you can get back to business.
1. Increases accuracy
If you try to manage payroll manually, data entry and
calculation errors can cause you to spend a lot of time fixing mistakes and
reissuing paychecks. But because payroll software does the math for you, your
employees’ paychecks are be more accurate and issued in time for payday each
If any tax rates change during the year, your software will adjust calculations accordingly, so you don’t have to spend time tracking how much to withhold. Your paychecks will always reflect the most recent withholding rates.
2. Reduces absenteeism
A service that includes time tracking allows you to easily
identify problems in employee attendance and recognize when a team member
regularly comes in late or leaves early. Some programs also track time off, so you
can effectively enforce your time off policy. If you identify an issue, you can
brainstorm ways to fix the problem, so your employees are present more often
and get more done.
3. Puts your employees in control
An employee portal can help make your small business more
productive in several ways. Some payroll programs,
like Workful, offer an employee portal where your team can update their
withholding information, bank routing and account numbers, and contact
information. They can also access their paystubs anytime they like.
Giving employees control over their own information
decreases the likelihood of data entry errors,
and when your team can access the information at any time, you won’t
have to answer as many questions and can spend more time focusing on strategic
growth and dealing with human resources issues that require a face-to-face
Workful combines payroll processing, human resources, and time tracking to help you save time and get back to business. Through the employee portal, your workers can clock in and out, submit expense and mileage reimbursement requests, ask for time off, and view their paystubs. Workful calculates your tax liability each time you run payroll, so you always know how much is due when it’s time to deposit. You’ll spend less time on the daily administrative tasks, and more time growing your business. Contact us today to start you free 30-day trial.