2016-12-09 00:00:00 Payroll English Learn what to consider when choosing a payroll provider. Review the most important aspects of payroll providers. https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2017/03/Business-Owner-Calls-Payroll-Providers-To-Compare-Services-And-Find-The-One-That-Best-Matches-Her-Needs.jpg https://quickbooks.intuit.com/ca/resources/payroll/how-to-find-the-right-payroll-provider/ How to Find the Right Payroll Provider

How to Find the Right Payroll Provider

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If payroll is taking up too much time or if you simply don’t want to deal with this complicated task, it may be time to outsource the job to a payroll provider. Whether you choose to use an app or a payroll professional, there are several elements to keep in mind when making your selection:

  • Make sure the service can handle your needs, especially in terms of deducting taxable benefits, calculating matching retirement contributions, or handling other benefit programs
  • Look at cost, which may be a set monthly fee or based on the number of employees
  • Compare employee payment options such as cheques or direct deposit
  • Consider compatability with your accounting software — ideally, you want to be able to sync payroll information with your accounting software easily
  • Ask about reporting capabilities so you can see where you how you are spending your money

References & Resources

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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