Getting employee payroll right is an absolute must if you want to keep your employees happy. And who doesn’t? Unhappy employees mean too much trouble for your business. Late paychecks mean angry workers. They also mean government fines for noncompliance. Do you really want to create this mess? It will make it nearly impossible to grow your business.
Are you tired of trying to handle payroll on your own? Are you sick of paying a high priced payroll administrator? There is a simpler solution that’s easy to set up and quite affordable.
Why All Business Owners Should Use Online Payroll
Not only is online payroll easy and convenient from an accounting standpoint; when you use the right system you also have the opportunity to take advantage of the excellent time tracking features that the online program has to offer.
Why is this so important?
For starters, it can easily help you avoid making costly mistakes. When you make costly payroll mistakes, they can have a deleterious affect on your business and create serious havoc.
As an example, Clockspot a cloud based payroll solution, automatically calculates and then withholds the precise amount of taxes that each employee has to pay. Another great feature is that it also withholds employer level liabilities.
Figuring out taxes is often the most difficult part of the payroll process. When you have an online payroll system handling this aspect of your business for you, you no longer have to worry about making costly mistakes. Inaccuracies and other miscalculations can hurt your business and cost you serious money. Online payroll prevents this problem and makes it easier for you to sleep at night.
Other Benefits of Using an Online Payroll System
Payroll, taxes, and time tracking are wonderful reasons why an online payroll system is so powerful. But they are only just a few of the many benefits that you’ll receive once you implement the system in your business.
Other powerful business growth benefits include:
- Gain access to invaluable company data – you’ll gather massive amounts of data by reading the reports available once you join up and begin using the Clockspot system. You’ll have access to information that will help you project future job costs, track and evaluate materials, track the hours spent per project for each employee, and much more. This information will help you make crucial decisions that are critical to your company’s overall business growth.
- Find out how much your projects are worth – certain projects might seem like more of a hassle than they are actually worth. Once you start using this tracking system to its fullest, you’ll know how much time your employees are spending for each project and you can evaluate your pricing structure accordingly.
- Accurate customer invoicing – when viewing Clockspot reports, you’ll gain insight and accurate information that will help you create customer invoices that fully reflect the amount of time you’ve spent on their projects. In the past, you may have accidentally shortchanged yourself. Once you have this system in place, this will never happen again.
Are you ready to grow your company and take it to the next level? Using an online payroll system is the next logical step in the process. To learn more about Clockspot and its features click here.