How To Outsource Payroll
Outsourcing payroll is easier than it sounds. Plus, a little effort now will save you tons of hassle down the road. Here are the steps you can take to make sure the transition is seamless.
Choose your budget
As with all things in the business world, it’s a good idea to have a budget before committing. The great news is that full-service payroll outsourcing doesn’t have to be expensive. You can partner with an advisor who can manage your basic payroll, and the chances are it’s a fraction of the cost of the time you might spend on payroll if you’re doing it yourself. A starting point is getting the right payroll software and then finding an advisor who can work with you.
For more advanced services, pricing can be a little higher per month—but the long-term savings in time, effort, and accuracy quickly make outsourced payroll cost-effective.
Determine what type of service you want to use
What parts of your payroll would be most helpful to outsource? Is there any aspect of payroll, tax, and employee benefits management that you know you want to keep in-house? Be sure to answer these questions as you look for the right payroll service provider for your organisation.
Remember, some services might just handle basic payroll functions. But others can also help with a whole suite of human resources tasks, like benefits management, time off, and more. Keep these needs in mind as you seek out the right payroll service.
Do your research
This step goes hand-in-hand with the previous one. It’s impossible to know which payroll processing software is right for your company without doing solid research beforehand. Your research should involve asking questions like the ones listed above, and then looking at what each platform offers.
pSome platforms, like QuickBooks, allow you to select from a variety of payroll processing plans. This gives you more flexibility when choosing different levels of service for your organisation. It’s critical that you research each plan’s features and price point. That way, you know you’re only paying for services you need.
Choose the right payroll service
Once you’ve set a budget, determined what you need, and researched your options, it’s time to choose a payroll software service provider. When choosing a provider, you want to find one that is quickly and easily integrated with your current payroll process. It’s also important that employees feel secure and confident in their new payroll system.
Choosing a service like QuickBooks can be a great way to accomplish those goals. QuickBooks is simple and intuitive, and it can easily integrate with your current operations. Plus, our fast direct deposit system will help ensure your employees are happy with the change.
