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Oct 14, 2018  Visual Pay (The Complete Payroll Software) lets you manage everything related your employee payments. It has provisions for calculating the leave, bonus, TDS and professional tax, over-time, PF contribution, gratuity, and various allowances including conveyance. It is a secured and feature-rich payroll system. VisualPay integrates with Visual HR seamlessly. General Ledger Link. VisualPayroll supports the world leading mid market accounting software, Sage Accpac ERP and Sun System. If you are a nigerian comapny and you use Accpac or sun Accounts, then you need to take a look at VisualPayroll.

Payroll software is a system that automates and streamlines the process of paying a company’s employees. It may sound straightforward, but the payroll process includes a lot of tasks such as calculating deductions and withholdings, producing pay slips and tax forms (and other reports), processing or depositing payment directly to employee’s bank account, voiding payments if need be, and even printing checks. Simplifies and automates the aforementioned tasks to shorten cycle times and reduce manual errors.

Some companies prefer to outsource the payroll process to third-party providers while others with dedicated HR or accounting departments do it in-house. Payroll software can be installed on-premise, or availed of for oneself as a SaaS or cloud-hosted payroll management system. Best album ever. They are often included as modules or part of the features of an integrated accounting solution, HR software suite, or an enterprise resource planning (ERP) package. Among the main benefits of using payroll management software are secure financial transactions, efficient handling of employee data, and getting detailed reports on staff payroll.

Why should you use payroll software? Numbers tell the tale. A 2018 NSBA survey found that each year on federal taxes. That’s equivalent to more than a week of preparing tax reports; imagine the administrative cost of doing that. Another important statistic comes as a warning to all – one in three businesses is punished by the IRS for payroll errors. In case you get caught off-guard, knowing the can be of great help. If these unwanted scenarios do not prompt you to immediately get a payroll software, then you may face the prospect of becoming part of those statistics.

It would do well to remember this piece of advice from business services expert Rhonda Abrams: “One of my rules is if you have one employee, get a payroll service. The penalties for screwing up are so much more expensive than the cost for payroll.” The good thing is that acquiring payroll software does not need deep pockets these days especially with SaaS and cloud options; some are even offered for free with basic features.

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In this article, we’ll go over the 20 best payroll software for payroll service providers and accountants that we have here at FinancesOnline. You’ll get an overview of the offerings, features and benefits of the leading payroll products available out there. This way you can determine the best ones that come close to, if not perfectly match, your requirements and make it easy for you to decide on your final pick. Keep in mind that a payroll solution is a crucial part of your business, more so if you are a startup or a small growing organization. Our 20 best payroll software for payroll service providers and accountants aim to point you in the right direction. The summary reviews of each of the solutions in this article on 20 best payroll software for payroll service providers and accountants have links to our FinancesOnline review write-ups if you want to get more details.

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