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Showing posts with the label payroll processing

Mobile App Tracks Employees' Time Activities Automatically

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Employee productivity and accountability can be an issue in every organization, no matter how small or large. A lack of clear accountability can lead to sloppy workmanship that affects the overall quality of the organization's work and can hurt productivity, as well as its bottom line. But what if there was a way to make sure that employees were only paid for the time they actually worked? There would be far less ambiguity, and both workers and employers would know exactly where they stood. How does Susan.one Time Tracker application help with payroll Susan.one's time tracking app is unique because it not only allows employees to clock in and out but also sends the data to the cloud automatically. This means that there's no need for manual data entry, which can save a lot of time and money. You can be sure that your employees' time activities are being tracked accurately. One great feature of this application is GPS tracking which will be available by the end of 2022. D...

6 Challenges of Managing Payroll Operations and How Software Solutions Can Help

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The worldwide pandemic has brought inefficiencies and difficulties, such as payroll and compliance challenges, that many companies were unprepared to face. Businesses must evolve quickly and implement processes and systems to stay up with the faster rate of change. This was true before the pandemic and has grown increasingly important in addressing existing issues that have only been amplified. Organizations will be unable to grow or handle massive changes, including large-scale hiring to address new company requirements, regulatory changes, or system upgrades, unless they have the appropriate payroll technology. As some personnel continues operating remotely, antiquated technology and methods pose security risks. According to the  Payroll Benchmarking Report by Deloitte , the number of errors and the time it takes to fix them are two of the most crucial performance indicators of payroll performance. The time lost on payroll errors prevents payroll personnel from working on value-a...

Mobile App Tracks Employees' Time Activities Automatically

Employee productivity and accountability can be an issue in every organization, no matter how small or large. A lack of clear accountability can lead to sloppy workmanship that affects the overall quality of the organization's work and can hurt productivity, as well as its bottom line. But what if there was a way to make sure that employees were only paid for the time they actually worked? There would be far less ambiguity, and both workers and employers would know exactly where they stood. How does Susan.one Time Tracker application help with payroll Susan.one's time tracking app is unique because it not only allows employees to clock in and out but also sends the data to the cloud automatically. This means that there's no need for manual data entry, which can save a lot of time and money. You can be sure that your employees' time activities are being tracked accurately. One great feature of this application is GPS tracking which will be available by the end of 2...

5 Typical Payroll Accounting Software Problems & Solutions

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Payroll consumes a significant amount of a business owner's time. To put things in perspective, 26% of small business owners who conduct their own payroll spend three to five hours per month doing so. And almost 550% of business owners spend 80 hours or more each year on tax, payroll, and accounting processes. Here are the top Payroll Problems and how to deal with them: Track employees availability Keeping track of your employees' time and absence on a daily basis can be time-consuming if done manually. Even the most basic digital time logs are prone to errors and misuse.  It is critical to keep track of the staff's absences and availability in order to maximize production and determine their schedule. Inaccuracies in timekeeping can be eliminated with automated timekeeping systems. Members can also use  payroll accounting software to successfully manage their calendars. Manually Processing Payroll Many firms, particularly smaller ones, have a habit of manually p...

3 Biggest Accounting Challenges in Tax Accounting

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The accounting profession has always been a difficult field to work in. Accounting and finance are fundamental to the operation of every company organization, making the issues that the accounting sector faces monumental in scope. To name a few, the current social and economic situations have a considerable influence on the accounting profession. Below are some accounting challenges that make it important for you to opt for automated tax reporting software . 1. Integration of Latest Technology With the further development of artificial intelligence, cryptocurrency, and mobile finance and accounting, tremendous potential for the accounting business is given. In addition to changing the way accountants do their duties, automation and enhanced analytics will also affect how small and medium-sized businesses compete in new and diverse markets. However, understanding the real-world consequences of things like blockchain and getting customers on board with new technology can be tough at t...

What Is Payroll Processing?

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Payroll processing is the process of issuing paychecks to employees on a regular basis, as well as reporting the taxes paid to the appropriate government agencies on time and accurately. For many companies, payroll processing can be somewhat confusing and overwhelming, even if you know that you’re handling it correctly. To simplify things, we have developed fast accounting software specifically for the Philippine market. Also, here are some of the most common questions about payroll processing that people ask frequently and answers to help clear things up for you. Overview Whether you run a small business or are an employee at a large corporation, payroll can be confusing. Payroll transactions come in from employers and go out to employees—or multiple employees—either through direct deposit, check, or money order. The process of handling these transactions is called payroll processing. If you’re responsible for handling payroll at your company, don’t worry: We’ve got a guide for yo...