Payroll Software

Payroll software automates employee payments, manages payroll, and maintains records for compliance. Payroll software that is robust, integrated, and configured adequately can help organisations of all sizes remain compliant with tax laws and other financial regulations and reduce costs. Payroll software frees human resources (HR) teams from routine tasks so they can focus on planning, budgeting, and other business-driven initiatives. Payroll administration is a critical business process and needs payroll software for processing. Today the most robust payroll solutions are cloud-based.   

Online payroll software automates payroll processing and reduces manual labour-intensive and administrative tasks, saving time and eliminating human errors. It also simplifies the process of Award Interpretation, Time and Attendance tracking for compliance and managing deductions. Online payroll software also provides real-time data for effective and efficient payroll management.

Payroll software is a requirement for any business with employees. By using payroll software, you can ensure that your employees are paid correctly and save time by eliminating manual calculations. Since the introduction of STP, most companies have utilised payroll software to ensure they are reporting to the ATO accurately. Not using payroll software results in inaccurate pay runs due to manual calculations, resulting in unhappy employees as their wages are incorrect. Employees expect payroll to be correct and on time this places immense pressure on the payroll team if they are not using payroll software. A flexible payroll solution caters to all pay types, multiple pay calendars, awards, provision policies, shift types, work schedules and even backdated policies.

Payroll is a challenge for most businesses. The payroll team has to ensure a timely pay run, meet payroll compliance requirements, Awards and pay conditions, record the data, and keep it secure as it is sensitive. In addition, the payroll team must ensure that there are no overpayments or underpayments, or misclassifications. On top of this, the payroll team also has to juggle several interconnected dependencies that aren't visible and often not appreciated by the broader organisation.

Payroll software automates the complexities of managing employee remuneration. With legislation changing, such as Single Touch Payroll (STP) and Superannuation, it can be extremely complex to manage payroll in Australia, New Zealand, and the Pacific Islands. In today's world, payroll software should be able to accommodate companies of all sizes, industries, and types of businesses, such as multi-entity companies. As payroll calculations depend on various factors, payroll software must be able to support all pay types, multiple pay calendars, awards, provision policies, shift types, work schedules, and backdated policies.

Employers and employees benefit from a business using a flexible payroll solution. If the payroll solution is cloud-based and accessible from anywhere, then the opportunity to streamline processes and offer a good employee experience is invaluable. Typically, small to medium businesses do not have a dedicated human resources department, so a few individuals handle people & payroll processing. In addition to providing better visibility to executives and managers, payroll software allows employees to self-serve core functions such as rostering, requesting leave, viewing payslips, and communicating with managers.

Access Payroll products are available in Australia, New Zealand, Papua New Guinea, and the Pacific Islands. You can consolidate your company's multi-country payroll operations with Access Payroll products. Learn more about Access Payroll Services.

Payroll Outsourcing is a great option for businesses to streamline payroll processing. It ensures employers remain compliant with payroll legislation and regulations. It also allows employers to focus on core business operations and provides access to the latest technology. We have an article to help you decide if payroll outsourcing benefits your business. 'These 5 questions will help you decide if it’s time to outsource your payroll'.