3 Ways to Save Time on Payroll Processing
Filed under: Payroll
How much time do you spend every month on payroll processing? If you are a business owner and you are still calculating and distributing paychecks without professional assistance, then you are probably stretched thin trying to keep up with the responsibilities. Not only do you need to do the calculations for the number of hours worked by each employee, but you also need to manage payroll taxes, tax deposits, withholdings, and more.
Payroll is unavoidable, but it doesn’t have to take up a lot of your time. Here are a few tips to simplify the process and help you reclaim your schedule:
Mark Rowley, Owner
RandR Payroll Services
1. Offer Direct Deposit
We live in a digital world, and many employees are happy to get electronic deposits. In fact, some people find it a hassle if they need to go to the bank to deposit a paycheck. If you aren’t already using direct deposit, right now is a great time to get started.
With direct deposit, you can avoid the costs of printing paychecks. Plus, employees get paid faster compared to traditional checks.
2. Use the Right Software
There is no reason to spend time on manual calculations when software can help with payroll processing. Calculating payroll by hand increases the risk of mistakes, and it takes a lot of time. In comparison, the software requires a manual submission of hours, then the rest of the calculations are handled by the program.
3. Hire a Bookkeeper
If you are too busy or you don’t have trained experience in bookkeeping, then you need to let the professionals manage payroll for you. Hiring a bookkeeper is one of the best investments because you can avoid common payroll mistakes. Instead of spending your time on payroll processing, you can focus on other tasks that will help to boost the bottom line for your company.
Do you need help with payroll for your business? We invite you to schedule a consultation with our team to learn more about the services that are available. R&R Payroll & Bookkeeping Services is one of the leading payroll providers in the area. Call today: (951) 296-0412.
