As a business owner, automating your payroll process could be one of the best business decisions you ever make. A proper payroll process ensures that all employees get accurate salaries in a timely manner.
However, a smooth payroll exercise remains nothing but a pipe dream for most businesses. This is because most businesses still employ archaic practices for their payroll. This translates to a lot of errors, delays, and frustration among employees.
In the digital age, businesses without automatic payroll lag behind. Which begs the question, how can you automate your payroll to improve the process?
In today’s post, we’ll be showing you how you can automate payroll process in a few simple steps.
Remove Paper From Your Payroll Process
The first thing you need to do to eliminate payroll is to throw any paperwork out the window. While paperwork is certainly useful, it can result in major loopholes that may compromise your entire process. Instead, let all major payroll processes remain purely digital, and here’s how you do so.
Create a list of all payroll and record-keeping subprocesses. Analyze them one by one and look for ways you can digitize the processes.
There’s always the chance that one or two processes are hard to digitize. If that’s the case, consider consulting an in-house developer to chart the best way forward.
This should be a piece of cake if you have reliable ERP and payroll software, which leads us to the next step.
Integrate Your Payroll With Your ERP Software
Most businesses these days use ERP software to effectively manage different aspects of their business on a single platform. If you don’t have an ERP solution for your business, it’s time to get one ASAP.
Having a working ERP system is just part of the process. Next, you need to integrate your payroll into the system. It’s worth noting that accounts payable is an integral part of any ERP system, and payroll forms a section of your company’s accounts payable.
After getting the right payroll services, inquire whether you can integrate them into the ERP system.
Integrate Your Payroll and Accounting Platforms
You’ve successfully integrated your payroll into the ERP system, but we’re not done yet. You also have to integrate payroll into your company’s accounting platform. Doing so ensures continuity between your finances and payroll processing.
If you’re having trouble integrating payroll into your accounting platforms, you’ll have to find a solution that handles both. Some payroll service providers also offer accounting help and kill two birds with one stone. If you’re lucky enough to find one, go for it.
Automating Employee Payroll Made Easy
Payroll doesn’t have to be a headache for you and your employees. Be a smart small business owner and automate your payroll process today. The information above should help you do just that.
For more insightful content, check out the other posts on the site.