The Easiest Way to Process Payroll

Few Accountants have to contend with more speedy demands on their time than Payroll Accountants do. Payroll accounting demands are innumerable. A payroll accountant must take care of calculating earnings of employees, calculation of payroll taxes such as NAPSA, keeping track of employeeleave taken and loans and advances availed as well as fridge benefits like paid vacations and insurance coverage.

Although automated payroll software solutions have become increasingly available and affordable, most small to medium businesses are still glued to processing their payroll manually.

Undoubtedly, Payroll processing is an error prone activity that requires proper tools and utmost accuracy. In this time and age, payroll software has made it easy to deal with the challenges of payroll accounting more efficiently and accurately.

A perfect payroll system can streamline your payroll functions, improve accuracy and make the entire payroll process enjoyable.

This is how payroll software can speed up your payroll processing

Submitting returns electronically

Every payroll Accountant is required to calculate NAPSA contributions and other payroll taxes in conformity with NAPSA regulations and subsequently file returns. A good payroll package can help you automate this activity for greater efficiency and accuracy. You can easily generate electronic monthly return from your Payroll system and submit to NAPSA by email or other electronic media.

Depositing Salaries Direct in Bank Accounts

Some payroll software systems allow users to print checks and pay employees through direct deposit. This is how it works; the software allows you to define unlimited number of different bank accounts for each employee and will then receive their pay via direct deposit of wages into their personal bank accounts.

Reporting

Most payroll systems provide access to a number of reports which can be viewed in various standard formats such as PDF and MS Word as well as the ability to export data into other formats as well as email reports.

There is a good number of payroll Accounting Companies in Zambia offering payroll accounting software solutions as well as payroll services among them is palmsoft payroll and Dove payroll but, here is what you must know when choosing payroll software.

About the Author:

Fixed Asset Consultant at Prosperity Agencies Limited with over 10 years practical experience in physical verification, bar-coding of assets and fixed asset software implementation +260 211 239859

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