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Comprehensive Payroll Services in Canberra
Handling All Payroll Requirements
Pamela at Figures Right offers comprehensive payroll services, including payroll processing, tax filing and compliance management. Let her handle the details so you can focus on growing your business.
She also offers advice for a range of areas related to employee wages, such as superannuation, leave entitlements, annual payments and more. Plus, she can set up payroll summaries and reports to help you keep track of your finances and comply with relevant rules and regulations. With Figures Right on your side, you'll never have to worry about paying your staff the wrong amount or missing out on important taxation benefits.
Reach out today on
0418 633 907 to schedule your free one-hour initial consultation. Partnering with business owners in Canberra and surrounds.
What Does Payroll Management Involve?
Payroll management involves various tasks related to processing employee wages and ensuring compliance with relevant laws and regulations. This includes calculating salaries, wages and deductions accurately, such as taxes, superannuation contributions and any other entitlements or deductions mandated by law or company policy. Payroll managers are responsible for maintaining accurate records of employee hours worked, leave taken and any other relevant information.
Additionally, payroll management involves staying updated with changes in taxation laws, superannuation regulations and other statutory requirements to ensure payroll processes remain compliant. This may include filing tax reports and making payments to government agencies on time.
Payroll managers may also play a role in setting up and maintaining payroll systems and software to streamline processes.
In short, effective payroll management is crucial for ensuring employees are paid accurately and on time while maintaining compliance with legal requirements.
Benefits of Bookkeepers
Collaborating with a bookkeeper for payroll management offers several key advantages. Firstly, bookkeepers are trained to handle financial records accurately and efficiently. Their knowledge helps to ensure that your payroll processes comply with relevant regulations, reducing the risk of errors or penalties due to non-compliance.
Secondly, bookkeepers can save you valuable time by managing payroll tasks, such as calculating wages, deductions and taxes, allowing you to focus on core business activities. They also stay updated on changing tax laws and payroll regulations, ensuring that your payroll system remains compliant.
Additionally, bookkeepers provide insights into your company's financial health by generating reports and analyses based on payroll data. These insights can help you make informed decisions about budgeting, forecasting and resource allocation.
Overall, partnering with a bookkeeper for payroll management not only streamlines your payroll processes but also enhances accuracy, compliance and financial transparency within your organisation.
Payroll Software Options
Several payroll software options are available, each offering unique features to streamline payroll management.
Xero is known for its user-friendly interface and seamless integration with accounting functions. It automates payroll processes, including tax calculations and employee leave management.
Employment Hero provides comprehensive HR and payroll solutions, offering features like rostering, employee onboarding and performance management alongside payroll processing.
MYOB (Mind Your Own Business) is a popular choice for small- to medium-sized businesses. It offers customisable payroll solutions, including automated pay runs, employee self-service portals and compliance tools.
Each of these software options caters to different business needs. Contact Pamela at Figures Right today to discuss your requirements.
Trusted Bookkeeping Solutions for Your Small to Medium Business and Not for Profits
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ABN: 31 811 792 769
Certified in XERO, MYOB, Employment Hero
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