Key Benefits of Payroll Software

It’s easy to understand why having a payroll system is vital to any business.

Save time

Payroll accounting software such as Simply Payroll takes the manual number crunching out of the process. It can also track leave taken, expenses, bonuses, holiday pay, overtime, super and hourly pay or salaries. With the advent of open banking, payments are faster and more secure than ever.

Simplify payroll compliance

Staying up-to-date with current tax rates can feel like a constant game of catch-up. But there’s no need to worry with payroll software. It can track and update all the latest rates so that you are always using the latest tax tables. Simply payroll software includes inbuilt STP and pre-built awards to help you stay compliant.

Improved accuracy

As with all aspects of your business, manual data entry increases the risk of human error and potentially costly mistakes. Under-deductions, late payments, miscalculations – they’re all part and parcel of a manual entry system. When all the number crunching is handled by your payroll software, that risk is reduced. You’ll be on top of your record keeping obligations, so it’s much easier to meet deadlines and make payments to the ATO in plenty of time. Especially with a built-in reminder.

Increase employee satisfaction

Simply Payroll offers employees access to their own portal. This gives them restricted access to the system and allows them to check details, see their payment history and even book time off. Using payroll software promotes transparency with employees and helps build trust among your employees, ensuring they feel confident that they will get paid the right amount on time.