Payroll Service
©2010 ROOTS EGYPT, All Rights Reserved
A payroll service is a company that will, for a fee,
handle all of these functions independently, freeing up the business owner's
time for more important matters. Once an account is established, the employer
simply provides the payroll service with a list of all employees, the hours they
worked, and any variances. This data is then processed and the funds are
transferred from the employer's bank to the payroll service's account The
employer is then provided with payroll and tax reports.
What is The Payroll Service?
A payroll service often offers other services as well.
Employers can turn over the management of the company’s benefit administration
and retirement services. Vacation and time off can also be tracked. Some payroll
services even offer the option of managing the employer’s tax payments, handling
time and labor management issues, assisting with tax compliance, managing
expenses, and even pre-screening assistance. A payroll service also routinely
handles the necessary paperwork for direct deposit of employees’ paychecks. Fees
for payroll services vary depending on the size of the account and the types of
services rendered. Normally, there is a charge per person, plus a charge per
check issued.
Why Payroll Service?
If you have at least ten employees, you know how
time-consuming it is to make payroll for them every month. You have to make tax
calculations, add salary incentives, debit tardiness, consider sick leave, and
absences. You make a single mistake and you will have to redo the whole
calculation from the beginning. That means that your minimum of 9-hours spent on
making the payroll is wasted. And we are still referring to a company with at
least ten employees. Can you imagine if you have 50 or 100 employees? Making
payroll for them every month is a frustrating, time-consuming task.
But
here's the good news. You no longer have to make the complicated payroll
in-house. For a minimal cost, you can let ROOTS payroll service provider make
the payroll for you.
Benefits Of Payroll Service
1.SAVE VALUABLE EMPLOYEES' TIME
Making the payroll each month
takes considerable time. And often, two employees work together to make the
payroll. Outsourcing your company payroll to a service provider can greatly save
employees' valuable man hours which can be used in a more productive work.
2.COST-EFFECTIVE
Instead of hiring a full time payroll manager or staff,
you simply outsource it to ROOTS. You will be billed on a per completed payroll
basis. It all depends on the arrangement and contract. That means you
drastically reduce the amount you pay for a full time payroll manager and make
significant savings in the process.
3.CONVENIENCE
Processing your company payroll
in-house cause a lot of pressure and stress. Letting ROOTS do the job relieves
you of these jitters. You simply send them the necessary data with a click of a
button and that's it. No more fidgeting. No more worries. Your preferred payroll
service company does the stressful job for you.
4.ACCURACY
You can depend on ROOTS payroll service to perform
accurate payrolls every time. It comes with explicit warranty. It's our job to
be accurate to the last piaster. We could not afford to make mistakes because it
could mean the loss of valuable clients and eventually, the loss of
ROOTS.
5.FUNCTIONALITY
Payroll processing do not just make a monthly payroll
for your firm. We also offer tax computations and complete other pertinent forms
which are useful for customers.
6.COMPLIANCE
If you have been manually doing
your company payroll, then it's high time you should consider subscribing to
ROOTS payroll service . For a minimal fee, you relieve yourself of the stress
and the headaches of salary preparation and enjoy the convenience of getting a
fast and accurate company payroll.
