Making Small Business Payroll Less Stressful
Send to Your Kindle
Whether your business is a sole proprietorship or you have several employees, certain aspects of business management can be very stressful.
Payroll processes is one area that most people agree can be extremely frustrating.
Even small businesses are likely to find that payroll presents at least some angst and worry.
As a company grows and expands, more employees can be hired or work can be outsourced.
As this happens, there is also a potential negative to contend with.
Unless certain measures are taken, the workload related to payroll processes can become overwhelming.
Taking Control of Outsourcing
Many small businesses outsource work that is considered tedious or time-consuming to independent contractors.
This can include everything from web development and administrative support to customer service and sales and marketing.
In some cases, the work is simply things the business needs help with and in other instances it is things the owner and others have no interest in doing or learning to do.
Hiring the work out is a great way to save time and money.
However, keeping the books straight on numerous jobs can make payroll processes complicated.
This is especially true if the jobs are paid out at different rates.
One of the easiest ways to handle this is to work through a reputable collaboration / referral program.
When contractors are hired through these services, payments are processed via the program.
This eliminates the stress and hassle related to in-house tracking of hours or payment records for these contractors.
The contractors’ hours are tracked via the program.
In some cases, the job may be paid per a flat fee.
True Payroll Relief
Of course, when it comes to small business management, most people are most concerned with stress-free ways to process the company’s payroll for regular employees.
Besides tracking the payroll process in a do-it-yourself technique, businesses have two main options:
They can choose to use payroll software programs, or…
They can use payroll service providers.
Either way, the business is relieved of much of the work of the payroll process, and therefore, there is little stress involved in preparing the checks for each payment period.
In addition, these services and programs can even offer such things as direct deposit, check printing, and tax preparation.
Payroll Software Programs
Although dealing with payroll is rather repetitive, state laws and regulations related to taxation and related concepts are always subject to changes. This can make keeping up a real challenge.
Payroll software programs simplify the process of working with salaries and taxes.
Online software programs can be updated automatically, and the sophisticated programs work seamlessly with human resources and other accounting systems.
This eliminates worries about the on-going demands of payroll processes.
As long as basic information is entered into the system, the program can generate employee salary checks as scheduled.
Payroll Service Providers
Payroll service providers can take over all or part of a business’s payroll tasks.
When the company turns its payroll tasks over to a payroll service provider, it is relieved of all or part of the stress related to payroll.
Not only does this provide relief from stress, but it also provides peace of mind in knowing that the job will be completed by experts in the field.
In addition, the business is relieved of the time and effort required to complete the payroll processes, which means that time can be dedicated to other tasks.
This efficiency is why many small business owners believe so strongly that payroll service providers are a cost-effective solution.
Before moving forward with outsourcing, list your needs and expectations on paper — and unless you’re good at this sort of thing, do this several times.
This list will form the expectations you will have for your payroll outsourcing or payroll provider — and you will be able to feel much more comfortable with your final decision.
What Are Your Thoughts??
✔ Debbie provides 4 great options for your small business payroll — what is your decision process for this? Do you need some professional, free assistance with this?
✔ Not all the options are good for your business, one or a couple may be good for you while the others would be better not pursued — do you believe know how to discern what is best for your own business?
✔ Having a full assessment of your needs before contacting any provider or oursource company always reduces the stress of selecting and implementing your payroll — be sure to let us know if you are hesitant about your needs assessment!
Please share your thoughts with us and our audience in the comments section below! Or you can reach us directly from our contact page.
Everything You Need To Know To Manage Your Own Payroll In QuickBooks® Managing your own payroll used to be a daunting task. But not any longer! This book is the first comprehensive guide on using QuickBooks to perform all aspects of your company’s payroll…from setup to tax reporting. Whether you have five employees or five thousand, this book contains everything you need to know in order to handle your payroll functions quickly and efficiently. The writing is clear, concise and intuitive – making it ideal for new and veteran QuickBooks users alike. “This book is an excellent instruction and reference guide for setting up and running payroll in QuickBooks. It is so easy to understand that even a novice like me can feel confident my payroll is set up properly right from the start.” – Carrie Williams, Office Manager.
Alternate formats are available on the Amazon site (choose before final purchase).
Canada, China, Germany, Spain, France, Italy, Japan, United Kingdom, USA.
We are waiting on Amazon.com for localization to Brazil.
Problems with localization? Click Here to contact us
Product prices and availability are subject to change.
Any price and availablility information displayed on Amazon.com at the time of purchase
will apply to the purchase of any products.
More About the Authors of the Book
Sharon McCauley, Advanced Certified QuickBooks Pro Advisor, CPA (inactive) and founder of Barons’, Inc., a nationwide provider of QuickBooks training and support. Sharon’s experience includes 25 years of accounting in both public practice and private industry, the last eight of which have been focused exclusively on QuickBooks training for business professionals. Brandon Morris, Advanced Certified QuickBooks Pro Advisor and Certified Sleeter Group QuickBooks Consultant. Brandon has 15 years experience in technical support, software installation and web design and is a co-founder of Barons’, Inc. Melody Jones, Advanced Certified QuickBooks Pro Advisor. Melody has over twenty years of accounting and auditing experience in public practice, state government and the private sector and is a recognized expert in QuickBooks and payroll management.
More Recommendations from Our Store
Featured image courtesy of David Castillo Dominici at FreeDigitalPhotos.net
More articles by Debbie Allen...
- 10 Lessons You Can Learn from Successful Entrepreneurs - 5-August-2013
- Applying Six Sigma to Transactions and Services - 28-June-2013
- Should You Try to Learn Six Sigma on Your Own? - 24-June-2013
- Why Process Management and Improvement is Becoming Paramount - 20-June-2013
- Lean Six Sigma vs. Six Sigma - Which Is for You? - 17-June-2013
- 3 Facebook Posting Methods That Could Hurt Your Reputation - 28-May-2013
- How Home Office Options Are Shifting Incentives - 24-May-2013
- Is Security an Issue for Your ERP System? - 3-May-2013
- Can You List 5 Not-So-Obvious Benefits of Using Six Sigma? - 29-April-2013
- Need Some Help Searching for a Payroll Service Provider? - 25-April-2013
Our ISP Has Many Services to Fit Your Needs...
Free Membership offer...
Why A Free Membership with The HRIS World?
♦ Latest posts to the inbox of more than 500 members automatically
♦ Special offers that our members receive you will not find elsewhere
♦ Press releases & latest news to help our members stay on top, globally, of what is happening and where
♦ Webinar & Conference Calendar with the latest conference updates & schedules provided monthly, 3 months out
♦ Research participation -- get the opportunity read and review the latest technology, trends, as well as provide feedback
♦ Book recommendations -- books written by those in our industry! (from our Amazon store)
♦ Video playlist updates -- the latest videos from our 200+ playlists and 10,000+ vidoes from leading companies and organizations
♦ Paid membership options -- The Research Network will become a paid membership and will provide the latest research from Forrester, Gartner, Bersin by Deloitte, and many other leading research organizations
♦ Guest writer options -- not only the opportunity to provide a guest post to The HRIS World, but free lessons on what it takes to research and write a simple post, something that will go great with any resume!
♦ Internship -- Obtain experience in researching, writing, and publishing, as well as remaining a step ahead of your colleagues
♦ Membership control -- you control what you receive, as well as try out. Something not working for you, change it something else! Better yet, contact us to let us know!
♦ Experience being part of 16,000+ unique monthly visitors from 90+ countries, half of whom are decision-makers (and half of them being C-levels!)
however our special offers do not appear in our RSS feeds.
Kindle-It, Scoop-It, Listen-to-It, Share-It
If you liked this post, then take a moment to share with your friends!
Send to Your Kindle, Scoop-it, Listen to it here or as a podcast, or use the buttons to the left to Share otherwise.
Send to Your Kindle
|Scoop.it||Podcasts Coming Soon!|
Podcasts, Kindle, RSS
Podcasts - all articles
Kindle - all blogs
RSS feeds by blog
From Our Facebook Pages
Quick NavLinkssitemap | about us | contact us | feeds | privacy | search
guest post guidelines
Unless otherwise noted, photo credits are Fotolia.com
Recommended Financial Books
Disclaimer: The books selected here are chosen due to the integrity of the authors. All information in these books are provided as an education as well as advice. The books presented here provide general information only and nothing contained in the material constitutes a recommendation for the purchase or sale of any stock and/or security. As such, CGServices USA, CGServiços Brasil, The HRIS World, The HRIS Career World, Sigma Projeto, HRIS jobs, and The HRIS World Store are free from any and all financial decisions made by the reader of these books.
Our lists are updated daily for the latest video briefs,
resulting in our 2 channels having 10,000+ videos...
A Listing of Our 150+ Playlists
Cloud, ERP, HRIS, HR Tech, Project Managment, Microsoft Office, ...
Open to See Our Playlists...
Provides the latest informative videos in 4 categories relating to the industries...
Research & Services...
Microsoft Personal Computing...
Vendors and Conferences...
A Listing of Our 70+ Playlists
Open to See Our Playlists...
Provides the latest informative videos in 6 categories relating to HR and your career...