Payroll Service for Small Medium Businesses
As business owners, managing payroll is a chore but it is something so important and sensitive. It is one of the task that is hard to delegate.
When you are just getting started, you typically have only a few headcount. Managing payroll is nothing but a simple task that takes no more than 15 or 30 minutes every month. A single spreadsheet sitting on your desktop is good enough to get the job done. There is only a couple of bank transfer that you need to execute. That's it. No sweat. Job done!
When you are just getting started, you typically have only a few headcount. Managing payroll is nothing but a simple task that takes no more than 15 or 30 minutes every month. A single spreadsheet sitting on your desktop is good enough to get the job done. There is only a couple of bank transfer that you need to execute. That's it. No sweat. Job done!
Growing Up Pain
As business thrives, many business owners soon find themselves struggling to catch up with the growing complexity of the payroll tasks they have to perform.
In some cases, your manpower needs is such that part-timers form the bulk of your employees. In some cases, you have different hourly remuneration rate for different jobs completed. Specific to countries like Singapore, you may have employee requiring different CPF treatment. Then there is large number of expense claims that need to be processed.
As your payroll complexity grows, you will soon find that a single spreadsheet is no longer good enough. It is quite common for many organisation to end up with multiple spreadsheets that are cascaded or combined into a "mother" spreadsheet. The process of updating the spreadsheets often involve laborious manual inputs. Then someone has to perform the final check before the bank transfer is performed. Then there is a need to come up with more professional-looking payslip where human error would be costly. Then at the end of each tax calendar, there is a need to provide the income tax forms (IR8A) to each employees. The list goes on.
As the number of employees grow and payroll complexity grows, human errors start creeping up. Incorrect calculation. Incorrect transfer amount. Incorrect CPF computations. Each human error will now create a ripple effect that often leads to bank reconciliation nightmares. These are just some of the most common errors we've seen business owners facing as their business grows.
In some cases, your manpower needs is such that part-timers form the bulk of your employees. In some cases, you have different hourly remuneration rate for different jobs completed. Specific to countries like Singapore, you may have employee requiring different CPF treatment. Then there is large number of expense claims that need to be processed.
As your payroll complexity grows, you will soon find that a single spreadsheet is no longer good enough. It is quite common for many organisation to end up with multiple spreadsheets that are cascaded or combined into a "mother" spreadsheet. The process of updating the spreadsheets often involve laborious manual inputs. Then someone has to perform the final check before the bank transfer is performed. Then there is a need to come up with more professional-looking payslip where human error would be costly. Then at the end of each tax calendar, there is a need to provide the income tax forms (IR8A) to each employees. The list goes on.
As the number of employees grow and payroll complexity grows, human errors start creeping up. Incorrect calculation. Incorrect transfer amount. Incorrect CPF computations. Each human error will now create a ripple effect that often leads to bank reconciliation nightmares. These are just some of the most common errors we've seen business owners facing as their business grows.
Our Payroll Service
These are typical stories shared by our clients. Our Payroll service is catered to help business owners who are facing this struggle as they want to take their business to the next level. If you find yourself spending more than hours just to complete your payroll tasks, we are here to help. Leveraging on modern payroll softwares (Eg. Talenox), an efficient and streamlined payroll work flow lets you reduce human errors and free up yourself to get back to doing what you love - growing your business ideas.
Whether you have 5 employees in the team and you are looking to scale up your team. Or you have a dozen or more employees in the team and you are no longer able to cope with managing the month-end payroll yourself. If you are looking for a payroll solution, contact us for free no-obligation consultation.
Whether you have 5 employees in the team and you are looking to scale up your team. Or you have a dozen or more employees in the team and you are no longer able to cope with managing the month-end payroll yourself. If you are looking for a payroll solution, contact us for free no-obligation consultation.