• Home
  • Services
    • Profit First
    • Accounting Services
    • Tax Preparation and Planning
    • Tax Resolution
      • Filing Prior Years Returns
      • Behind on Payroll Taxes
    • Bookkeeping
    • Payroll
    • Advisory Services
    • Cash Flow Forecast
    • Consulting for QuickBooks®
    • Training for QuickBooks®
    • Xero Cloud Accounting
    • Cloud Accounting
  • Pricing
  • Products
    • QuickBooks Online
    • QuickBooks Online Advanced
    • QuickBooks Desktop
    • QuickBooks Enterprise Solutions
    • QuickBooks Point of Sale
    • QuickBooks Payments
  • Industries
    • Services
    • Construction
    • Medical and Health Care
    • Real Estate
    • Non Profit
    • Retail
    • Restaurant
    • Manufacturing
    • Wholesalers and Distributors
    • eCommerce
  • Testimonials
  • Resources
    • Resources
    • Mobile Accounting
  • Blog
  • About
    • About Us
    • Team Leaders
  • Contact
206-529-4955 | sales@clearacctg.com
July 7, 2017

Five Ways to Streamline Your Payroll Process

Simone Bachaud Payroll Tips

Tweet
Share
Share
Pin

For business owners with employers, payroll is a necessary task that can slow your day and tie you down if you let it.  If you’re looking for a way to make payroll less time-consuming, here are five ideas you can put to good use:

  1. Employee Onboarding

If you hire a lot, empower your new hires by letting them do their paperwork for you.  A good payroll system allows employees to “onboard” themselves, completing the I-9, W-4, and direct deposit authorizations electronically, even before they show up for their first day. You’ll still need to ask for ID on their first working day, but at least you won’t have to do their paperwork for them.

  1. Integrate Employee Benefits

Rather than hire several separate companies to handle benefits, some payroll systems allow you to integrate benefits solutions right in their dashboard.  That way, you won’t have to re-enter employee data in multiple systems, which often gets out of sync.  Deductions and payments can also be integrated to save accounting time.

  1. Delegate Timesheet Entry

Require non-exempt employees to enter their own time; all you should have to do is approve it.  The right timesheet application can take care of that, and a great timesheet application will allow employees to enter time from multiple options, including timecard, cell phone, and others.

  1. Eliminate the Annual Worker’s Compensation Audit

Tie your worker’s compensation vendor to your accounting system, and you’ll be able to avoid that time-consuming annual reconciliation report required by your worker’s compensation insurance company.  You can also avoid the large annual payment because the insurance will be taken out each payroll cycle.

  1. Reduce the Frequency of Payroll

It’s not always possible, but if you can pay employees less frequently, you might be able to cut your payroll time in half.  Pay weekly employees every two weeks or pay bi-weekly employees monthly.  Reducing payroll frequency boosts cash flow as well.

Try one of these five ideas to streamline your payroll time and costs in your business.  And as always, let us know if we can help.

Tweet
Share
Share
Pin
5 Actions You Can Take Year Round to Save on Taxes 4 Financial Decisions To Keep In Mind When Starting a New Business

Related Posts

Business Tips, Payroll Tips

How Business Owners Get Paid

Business Tips, Management Tips, Payroll Tips

A 12-Step Guide on Hiring and Paying Employees

Monthly Archives

Categories

  • Accounting (29)
  • Accounting Software (2)
  • Blog (5)
  • bookkeeping (2)
  • Bookkeeping Tips (7)
  • Business (12)
  • Business Development (17)
  • Business Growth (13)
  • Business Tips (79)
  • Cool Tech Tools (16)
  • Cost-Saving Tips (1)
  • Cost-Savings Tips (1)
  • Customer Service Tips (7)
  • cybersecurity (1)
  • Decision-Making Tips (4)
  • Expense Reduction Tips (4)
  • Finance Management (1)
  • Management Tips (9)
  • Marketing Tips (1)
  • Money Management (1)
  • News (9)
  • Payroll Tips (3)
  • Personal Development (6)
  • Profitability Tips (11)
  • Self-Employment (4)
  • Tax (15)
  • Tax Resolution (1)
  • Time Management Tips (4)
  • Uncategorized (16)
  • Home
  • Services
  • Products
  • Industries
  • Resources
  • Blog
  • About
  • Contact

Contact Us

Tax Services, Accounting Services and Services for QuickBooks®

Clear Accounting

206-529-4955
sales@clearacctg.com

8618 NE 143rd Street, Suite 100
Kirkland, WA 98034

Client Login

Client Portal Login


Intuit, QuickBooks, and QuickBooks ProAdvisor are registered trademarks of Intuit Inc. Used with permission under the QuickBooks ProAdvisor Agreement.

Sign Up for Our Newsletter!

Subscribe to our newsletter for the latest news and updates from Clear Accounting, plus interesting articles and useful advice.

© 2021
Copyright Clear Accounting | Site Design by Accelerator Websites | Disclaimer & Privacy Policy | Client Login