Advantages of Online Check Stubs

Many businesses are supporting online check stubs as they reduce paperwork and increase flexibility in work process. Switching from paperwork to online payroll services has drastically improves administering payroll and benefits. It is necessary that all the employees have access to check stubs at anytime and anywhere. Check stubs is payroll documentation. 

Benefits of using Check Stubs

Check stubs are the evidence of employment status and pay scale. A rolling three years of history is available to employees that include check stubs. They also include number of hour’s worked, applicable rate and the bonuses earned. When they need it, Employees can print copies when they need for loans and taxes from their home, offices and from anywhere they have access to the Internet. You never need to track history information for your employees in future. The information can be accessed using mobile devices or personal computers. With the help of electronic check stubs, you won’t have to create payroll documentation for employees requiring the paperwork to support a loan application for instance. With fewer requests of this nature, HR can focus on important tasks. This system is very efficient for employees. Employees can download what they need whenever they need it.

Secure registration and access

Each employee gets a registration instructions worksheet that includes everything they need to register including your secure company code.

Reduce cost

It also reduces cost as no paper checks, check stuffing or mailing fees and no payroll delivery fees. Additionally, reducing the amount of paperwork generated for back office operations means saving on office supplies, postage and handling expenses while reducing paper waste, which is sound environmental practice for all businesses regardless of size.

Electronic records of check stubs and other employment-related documents are easier to store, track, archive and retrieve.

It improves productivity, delivery of services and reduces operational costs. If you are tied with any online payroll services then you can also add an additional feature of email. You can deliver check stubs via emails to improve work system efficiency and enhance employee satisfaction.

Do you want to change payroll service provider

Every organization has inefficiencies. If you are a business owner, you always review your business processes and functions to check for inefficiencies. In this process you always check payroll process.

There are so many companies which outsource payroll services because it is cost effective and reduces compliance issues. It is also a possibility that you are not getting services for which you are paying. How you know that it is right time to switch payroll outsourcing services? All payroll providers that do not meet your expectations and giving you more frustration and stress are not the right party to work with. Before switching a company it is good to meet them and discuss all points you are unhappy with. Why they are not able to meet your requirements? Then give the payroll service provider a month or two to rectify the problem. If things don’t better, it is right time for looking other possible options.

In order to take right decisions, you need to take following steps.

Prepare a List

Note all the services and support you are not getting from your current payroll service provider. Also note other services you need from a payroll service provider.

How to cancel

It may be easier to switch at the beginning of the year or the end of the quarter, but if you don’t want to wait, make sure you can get set up in enough time to get the next set of checks delivered by payday.

Payroll service companies have process for cancellation. If you have a contract, it might cost you to break it. Some service providers require a certain amount of time because they need to send payroll details to other company. Gather all the cancellation requirements before picking up a new company so that it would be easy for you in the end.

Picking up a new Payroll Service Provider

First thing is to look for company reviews, services they are offering and price. It depends on you whether you are choosing a plan which offers you all services with high charges or other options may be a bit less expensive, yet require you to perform payroll operations yourself. Before selection, ask many questions about their service, security etc so that you get satisfied about your new payroll service provider.It is a process of changing a payroll provider. If you are not getting required services and have issues which cannot be resolved. It is the right time to change a payroll service provider.

There are so many payroll outsourcing services you can opt for.

 

All the things a business owner should know about Payroll Outsourcing

Generally employers outsource their payroll and tax responsibilities to third-party-payroll providers, such as Brooks Consulting Private Limited and for good reason.

An employer can work without tensions like calculating salaries of employees at the end of month or weekly. There are so many tasks which should be completed on time rather than calculations. Outsourcing provide flexibility to business operations, free up resources, ensures that all the employees get paid accurately on time and also ensures that filing deadlines are met.

Payroll Services include

1.  Payroll Services for Corporate
2.  Payroll Services for expatriate
3.  Compensation Consulting
4.  Paperless Services
5.  Corporate Tax Filing & Returns
6.  Internal Audit for Payroll
7.  Compliance Management Services
8.   Statutory Registrations
9.  Benefit Administration
10. Transaction support
11.   Remuneration planning
12.  Tax planning for international employees
13. Recruitment Services

       These outsourced services typically save on time and resources, employers should consider a couple  of things prior to signing up.

1.       Tax liability. The employer should be liable for the deposit and payment of federal tax responsibilities. While the third party payroll service providers can still make tax deposits forwarded from the employer, the employer is still responsible.

2.       Payment system. Make sure the payroll service provider is using the Electronic Federal Tax Payment System (EFTPS).This system ensures employers that their payments are being made properly. Employer can register on the EFTPS site and get their own PIN to verify payments.

Brooks Consulting Private Limited offers nationwide online payroll services, payroll outsourcing services.