Payroll is one of the largest line items on corporate budgets, yet many companies don’t have accurate, real-time reporting to manage payroll costs. How can you maintain your budget without knowing the full cost of payroll each month?
Payroll reporting is a vital tool every company should be using to maintain and manage costs, view trends, and spot any discrepancies. Without real-time reporting, there is potential for errors to go unchecked, payroll fraud, or miscalculations of tax or pension benefits that could be overlooked.
When selecting a payroll solution for your business, make sure you have access to customised reporting including your payroll, tax, and pension information. You should also be able to run historical payroll reports so you can follow and view trends over time, and view reporting in real-time. Payroll reporting gives unique insight into your business, and is an important tool to manage your employees.
If you are struggling with a lack of data, inaccurate reporting, or no access to real-time information, now is the time to make a change. Payroll software gives you cloud-based payroll you can access from any device, employee self-service portals, and customised reporting functionality to manage payroll and maintain compliance. Click here to learn more
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Payescape Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2017 (register number 821826) for the provision of payment services.