Free Payroll Software & Services

Payroll Software

There are very few companies that can afford to run a manual payroll process. For a start it requires having at least one member of staff trained in the highly complicated art of payroll legislation. You'll also need some sort of backup should that person go sick or leave so make that 2 people who can prepare and process accurate payroll data. The obvious solution to the payroll problem is software. The advantages of running payroll software over a manual process are many including:-

Payroll calculations can be completed in a fraction of the time.
Your Year-end reporting and processes as required can also usually be automated.
Company payslips and related payroll reports are archived in case copies are needed later.
What-If calculations contained in some payroll solutions means that you can forecast and plan staff costs and budgets.

Payroll software differs from many other forms of business software in that support is a critical part of the equation. It is very important to choose a supplier that can offer support, training, emergency backup and the changes that are required from time to time and as tax and other rates are changed by government. Many payroll software suppliers acknowledge this and you'll find that much of the costs of running a software payroll solution are support, in fact some will provide the payroll software for free.

Payroll Services

For large companies, agencies and self employed contractors then the best solution to payroll could be to use a payroll service company. A payroll services company will be able to remove the burden of managing your payroll for you. From entering payroll data, to producing payslips and reports a good payroll service company will make your life much simpler. You'll have to pay for this level of service but out-sourcing for large companies often results in an overall cost saving. If you're an independent contractor then there may be more advantages as well, many of the offshore contractor payroll agencies can help to reduce your tax obligation via various products. For high-earning contractors having a company manage your invoicing and payroll can save you literally thousands, at worst it takes away the burden of chasing clients giving you more time to earn money.