Why Accountants Don't Like Payroll
Accountants help their clients manage financial records, taxes, and audits, and also provide guidance on best practices, reducing costs, and enhancing profits. As payroll regulations and compliance get more complicated each year, they are also being asked to manage client payroll. To keep clients happy, accountants are now faced with tedious payroll tasks on top of their already-heavy workload each month. How can accountants keep clients happy and get payroll off the to-do list?
The short answer is: technology. The days of manual spreadsheets and emailing payroll figures are over. Especially since the changes to GDPR went into effect in May of this year. It is no longer acceptable to manage certain processes via email, nor is it compliant to email sensitive employee data back and forth to the accountant. As more regulations come into place each year, the only way to ensure data security for client payroll is by using a payroll technology.
Not only does payroll software help with compliance, but it also helps manage the manual workload and errors that come along with it. If there is a mistake in the payroll, it is very easy to spot and correct before payroll is processes. For accountants, technology makes it easy to manage multiple clients on one system, so you don’t have to toggle between different spreadsheets or login information to manage your client payroll. With an employee portal feature, manual changes like bank details or address changes are managed by employees.
Using technology to manage everyday tasks has become common in all aspects of daily life, but for some reason, payroll has lagged behind. Advances in payroll technology now allow you to easily input HMRC data, run payroll reports, and correct errors before payroll has been processed. Managing payroll compliance can be a starting point with any client – once you have the technology in place to help each month.
If you are managing payroll and wondering if there is an easier way, there is! Payroll technology ensures compliance, updates with any regulatory changes each year, and provides you with reporting at the touch of a button. Ditch those spreadsheets, simplify your payroll processing, and ensure compliance for your clients with technology. To learn more, click here