Payroll Software Overview
What is Payroll Software?
Many businesses use a payroll software system to organise the employee information required to process the pay and benefits of employees. Payroll is a specialist function and many businesses use payroll software, an outsourced payroll provider or accountant to deal with this essential business task.
What are the functions of payroll?
- Calculating employee pay
- Calculating tax and KiwiSaver
- Paying employees their due pay
- Payday filing
- Producing reports for employees, the accounts department and the Inland Revenue Department
What is payroll admin?
Payroll administration is the umbrella term for the tasks necessary to organise employee pay, including keeping records of hours worked, leave, pay rates, and managing salary payments to employees.
How much does payroll software cost?
The cost of payroll software varies considerably according to supplier and functionality. Breathe’s low-cost Payroll and Rostering software is securely in the cloud and starts at just $2.90 per month per employee, making it accessible to start-ups and small businesses.