Thursday, January 29, 2009

Online Payroll Services Explained

By Caressa Waechter

If your company has employees, then you have to have some way to pay them. The old fashioned way is to have someone in your company handle all of the complicated payroll calculations, or to hire an outside company to do the work for you. With online payroll, you can do payroll in-house, yet the hard work is handled for you.

Online payroll is a form of a payroll service where you handle the set up of and running of payroll, but your vendor handles all of the calculations, thus they do all of the hard work for you. Once you have done the initial payroll setup, paying your employees literally takes just a few minutes, as you only have to enter the pay hours and review the payroll.

Online payroll is a complete payroll service that lets you manage your payroll information easily and you have the option of paying employees via checks you print out, or via direct deposit. Everything is handled online, so there is no software to install. All you need to run payroll is an Internet connection.

As easy as online payroll is to use, it still is a very sophisticated payroll system, but without the normal troubles associated with such. And your life is greatly simplified because all of the payroll calculations are taken care of for you, even the year-end ones.

Using an online payroll service is simple, quick, and gives you many features to make your job easier. These include email reminders, direct deposit, ability to print the checks yourself, quickly add or update employee benefits or withholdings, and many other great features.

As one of the latest trends for small business owners to use, web-based payroll is yet another example of how online services are making running a small business easier. Security of data is never an issue as it is encrypted on the service provider's network using the latest security protocols.

To access a variety of payroll reports, you can simply log onto your payroll provider's website. With some services, your employees have access to their paycheck information via an employee website. All transactions are handled via secure website connections, so there is never a worry about data security.

Because web-based payroll services take care of many of the issues that normally come along with doing payroll, they are becoming very popular with small business owners. It also helps that these services are much more affordable than using an accountant to handle payroll, or using a traditional payroll company. Take advantage of what the Internet has to offer by doing your payroll online. - 16928

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