Why use Payroll software?
Automation of the payroll by using payroll software saves considerable time as explained above, cutting down on costs. An added, major advantage, is that you are less likely to make errors using payroll software. Once the master files are set up with the employees information, that data is used for each processing of the payroll. Processing the payroll manually is more likely to lead to errors. Packages that provide updates will ensure that any changes to tax rates are updated in your software so tax is processed correctly. Many payroll packages allow you to deposit wages into employee bank accounts, saving time and effort. Taxation and superannuation reports can be printed to substantiate tax payments and fulfill your taxation obligations. Payoll software can be used for your Human Resources database, recording employee information and history. If the payroll is integrated with the General Ledger and Job Costing, you can easily and accurately update your General Ledger cost codes and
