Calculating payroll is not only time consuming, but it also involves many complex calculations for overtime hours, vacation pay, and statutory holiday pay. Each one of these items involve rules decided by the province in which the employees reside, and are often not the easiest documents to understand. Combine that with the federal payroll deduction calculations, and you get a situation where it's so very easy, and common, to make mistakes when creating pay slips, with all the burden of accuracy being put on you, the payroll personnel. Any error in calculating payroll, especially an ongoing mistake repeated over many pay periods, can result in a loss, penalty or even a legal claim. Though many different payroll software available, they often leave the burden of these complicated calculations to you, the payroll person, which always leaves the chance of human error a very real threat to payroll accuracy. However the good news is that with the right payroll software, nearly all these problems are a thing of the past. Payroll Connected can help you avoid these and compute the payroll precisely and accurately.
Choosing the Online Payroll Software package that’s right for your business is easy! Most companies choose the Pro Package, however changing packages is as easy as contacting support and changing it over. No data re-entry required!
Payroll wasn’t always this easy.
Back in 2010, and for decades before this, payroll was a tedious process. A bookkeeper would receive the hours from the employer. From there, they had to take all the time sheets, figure out how much time each employee worked, figure out if they get overtime, figure out vacation pay, and figure out statutory holiday pay, often by using large hour tracking spread sheets.
Author: Payroll Connected
As a business owner, calculating payrolls can be an overwhelming task due to the intricacies involved. You need to be extremely meticulous and ensure that overtime wages, vacation pay, statutory holiday pay amount, minimum hours of work, and other aspects are taken into account. Generating payroll manually can also make you susceptible to errors that could lead to a resultant loss or a lawsuit filed against you and your business.
Author: Payroll Connected
Maintaining payrolls can be quite challenging. Whether it’s evaluating employee’s wages or overtime inclusions, it’s vital to handle all aspects accurately to avoid any miscalculations. However, as processing payrolls is an intricate process, numerous false facts have come into existence and are accepted as the truth.
