Choosing the Right Payroll Service for Your Small Business

March 26, 2014 | By | Reply More

payrollCalculating payroll is a very tedious and time consuming task, and any minor error can effect your whole company. Instead choose to outsource your payroll services and start making your life easier today. Outsourcing your payroll to another company can save your business time and money and make your job much easier.

Here are some tips to follow when searching for the right vendor for you:

Reputation

Use recommendations from other businesses in your industry to help you find a company with a good reputation. Ask them about the payroll outsourcing companies customer service, procedures, and reputation in general. Find out if other businesses have had trouble with their payroll services. Have any payments been missed? Have there been any problems with ?calling in? information? Have there been any inaccurate reports or checks filed?

Some companies will offer guarantees for accurate filings, and will pay any penalties or fees incurred if they make any mistakes. Be sure to ask the vendor how many times they have had to pay these fees.




Services

Be sure that the vendor you choose offers all the services you need. You might be able to get a better deal with a company that has limited offerings, but you might miss out on savings from features like reporting, online account access, and job cost reporting. Some vendors also offer industry-specific services, such as increased insurance savings, workmen”s compensation amounts, or long-term care or medical savings accounts that are required for some industries. Make sure you ask about the specific services that you need.

Procedures

The procedure for calling in payroll can often be the most complicated part of processing payroll. Companies will often base their choice of a vendor on the ease of its “calling in” procedure. Ask potential vendors what the details of their process are and figure out which one sounds like it will be the most convenient for you. Will you need to make a phone call to verify an automatically determined amount? Will you need to make changes on the company’s website. How far in advance will you need to call in before payday?

Some vendors will offer you a free trial of their service. This may be a good idea for you to consider. Make sure that you find the right payroll processor for you before you sign any contract.

 

 

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Choosing the Right Payroll Service for Your Small Business
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Outsourcing your payroll to another company can save your business time and money and make your job much easier. Here are some tips to follow when searching for the right payroll vendor for your business.
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Category: Accounting

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