Payroll software can help you process payroll quicker and easier than doing it manually. Basic systems can automate most of the key pay run tasks. They can work out accurately what you need to pay your staff, calculate tax and national insurance and send this information to HM Revenue & Customs.
On top of the standard features, many software solutions offer extra functionality. For example, they can create and send payslips, work out one-off payments for things like bonuses and expenses, handle pension contributions, produce extensive reports and integrate with other business systems, such as accounting or human resources.
This guide will walk you through the different types of computerised payroll systems. It will describe some of their key features and functionality, and help you evaluate the advantages and disadvantages of using payroll software.
It will also tell you what you should look for when purchasing payroll software and selecting suppliers. Finally, it will explain the importance of payroll software security and data protection.