Processing payroll can be a time consuming and bothersome aspect of accounting. If you are searching for ways to become more of an advisor to your clients, and get away from compliance work, here are some simple ways to get started.
Technology: One of the easiest ways to reduce your payroll workload is to automate your payroll with a technology solution. With new regulations and laws added each year that affect payroll, an automated payroll tool can help you skip the paperwork and process payroll more efficiently. This frees up time for you to talk to your clients about their businesses, and helps you step into an advisory role instead of a fee-for-service type of role. Look for payroll solutions that allow you to easily add employee information, provide monthly reporting, and have a service team ready to help when questions come up.
Outsourcing: Another way to get more out of your accounting practice is to outsource payroll. You can still maintain control with a white labeled payroll solution, and you have improved efficiency, accurate and timely processing, lower risk due to paperwork or entry error, and predictable costs from month to month. You have the ability to take on more complex payroll clients when you have a cost-effective payroll solution to manage the administrative side of payroll processing. Look for an outsourcing option that will white label the payroll product so you can maintain control over the process.
Additional Service Offerings: If you are trying to help your clients manage their business more efficiently, you can advise them on other solutions for their business beyond payroll including time and attendance and HR services. They can automate their timesheets, holiday and leave requests, and manage all aspects of HR with easy-to-use technology solutions. Even small businesses can benefit from automating services like time and attendance and on-boarding of employees. Most companies are overwhelmed with paperwork to manage their employees, and if you help them automate those processes, they can focus on growing their business.
If you are looking to help your clients improve efficiencies and ensure compliance, or if you would like to simplify your payroll processing, talk to us – we have technology and tools to help you! Help your clients, reduce costs, and ensure compliance with our Payescape, Timescape, and HRescape products. LEARN MORE
Need help to understand what solution is best for your business?
Payescape Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2017 (register number 821826) for the provision of payment services.