You’ll hear the phrase ‘I don’t do payroll’ from many accounting, bookkeeping, and finance firms. Why? Because it’s a time-consuming and tedious process. It is also an error-prone action that can make things tricky really quickly. To add the cherry on top, it is not really that of a great money maker for these firms either.
Then came the revolutionary advance in technology aka a payroll system. When firms started realizing that this software has indeed made the entire payroll process a lot faster and also more profitable, they decided to reconsider their thoughts about the same.
Obviously by just adding this software did not really change things for the firms. In order to really make use of the tool and derive profit from it, it is important to learn how exactly can firms make this software work for them.
There are three major steps that every firm should undertake in order to profit from the tool.Continue Reading »