Payroll Processing Outsourcing for Your Business That Works
Outsourced Payroll Services for Seamless Human Resource Management
- Payroll is the total amount a company pays to its employees in a certain time period. Important parts of payroll involve time and pay administration, and it can deter many small businesses because of its complex history. Managing payroll is complicated and time-consuming. You need to keep various factors in mind, including leaves adjustments and reimbursements – all while being mindful of compliance with tax and statutory regulations. With too little time and knowledge, businesses may keep making mistakes such as paying an improper amount, which displeases employees and leads to fines from the government.
- Implementing an efficient payroll management system can help you maintain compliance while also making sure your employees are paid accurately and on time. Hiring a payroll service provider can help you in a number of ways, from decreasing employee dissatisfaction to reducing the risk for government penalties. Whiz Consulting provides cost-effective and efficient payroll services, so one of these businesses processing outsourcing, outsourcing providers would be a great way for you to manage your payroll.
Challenges Face in Processing Payroll
Time-consuming
Processing payroll is a time-consuming, tiresome process, whether manual or computerized. Chances of error are pretty high if payroll is processed fast-tracking without attention to detail.
Cost Implications
One should be aware of all existing laws and legislations while keeping oneself updated with changes. Inability to comply with any statutory or tax regulation can make you face penalties or a fine.
Accuracy
With manual or computerized payroll processing, personnel must record and maintain a high volume of information, thus raising the chances of inaccuracy.
Fraudulence
Payroll fraud like ghost employees, falsified wages and commissions, or even fake insurance claims can impact your organization and lead to high costs. Also, these affect your organization's reputation.
Dedicated Team
Most organizations do not have a team or a person dedicated to payroll processing. Thus, the finance department handles the payroll responsibility, which hampers their efficiency.
Cost Implications
Payroll processing is also quite costly as one needs to invest in payroll software and human resources. The absence of either one will reduce overall payroll processing efficiency
Payroll Management Solutions by Whiz Consulting
- As an outsourced payroll services provider, we are the experts you are looking for. Services include –
- Payroll data entry and payroll data processing
- On-time payslip generation and emailing
- Preparation of state and federal return
- Calculating the exact amount due to employees after withholding taxes
- Recordkeeping and administration
- Annual, quarterly and monthly returns on a state-wide basis
Payroll Process for Australian Business
Setting up a System
We set up a system according to your chosen schedule, and then we prepare a calendar with relevant dates.
Sharing of Data
Essential data and timesheets are shared through email or cloud storage services like Dropbox or Google Driv
Processing of Data
Based on the information provided by you, we calculate gross pay, deductions, net pay, superannuation, etc.
Payment
We process all employee payments through a batch file which is sent to the bank for upload.
Review, Follow Up and Revisions
We constantly review the activities, ask for your feedback, and make revisions wherever required.
How would you benefit from the Outsourced Payroll Solutions by Mehasa Consulting?
- Outsourcing to a team of highly-trained professionals can ensure accurate payrolls and many other benefits. For over a thousand payslips each month, the Whiz Consulting team has a wide knowledge of payroll methods and can provide a high level of service to both sides of an advantageous payrolling relationship. Some other benefits of choosing Whiz Consulting for your Payroll Service are –
- Increased confidence in the accuracy of payroll
- Customized to the need of the client's requirements
- Improved efficiency of payroll systems, controls, and processes
- Assurance that employees will be paid correctly, on time, every time
- Assurance of the confidentiality of sensitive payroll information
- Decade-long experience for all sizes of businesses
- Decade-long experience for all sizes of businesses
Payroll Management Solutions By Whiz Consulting
- You need to understand the process of payroll, or you can fall behind. Outsourcing payroll is not new, and many businesses have hired it to relieve their own burden. It has helped many save money and stay in compliance with local laws and regulations. For a business, it is essential to know the process of payroll – pay calculation, allowances, deduction, payment of leaves, generation of payslips, calculation of taxes, as well as timely payroll tax payments. And these are best left in the hands of experts.
- Mehasa Consulting has over a decade of experience providing clients with an affordable alternative to in-house payroll services. We provide timely reporting of all payroll compliance. We at Whiz Consulting have been providing in-depth payroll management services for over a decade now. We offer an affordable way for our clients to take away the payroll burden by providing a time-saving and cost-effective alternative to internal processing. We provide our outsourced services in the US, the UK, Australia, India, and other countries and offer these complications solutions to ensure cost-effectiveness, efficiency, and accuracy.
1. What are payroll outsourcing services?
- Payroll outsourcing services are the services that help you deal with payroll processing. Payroll outsourcing services help tackle everything from mapping timesheets to preparing employee payslips. Payroll is a particularly time-consuming and complex activity; thus, experts best handle it. When businesses lack the time and resources to handle these tasks internally, they outsource payroll services from payroll service providers.
2. What are the benefits of outsourcing payroll?
- There are many benefits of outsourcing payroll. Payroll outsourcing helps you focus on the core business activities while payroll service providers do the heavy lifting task of payroll. You don’t have to worry about accuracy or late processing, thus increasing your overall productivity.
3. Why do quality payroll services matter?
- Quality of payroll services matters because payroll is associated with one of the essential resources of a business – human resources. Paying your employee on time accurately is very important. If your payroll service providers are not efficient enough, your business will have to face employee dissatisfaction or, worse, face penalties