MANAGING PAYROLL
Managing payroll can be time consuming, stressful and expensive.
If mistakes are made in calculating legal entitlements, especially to the tax office serious repercussions can follow.
We provide a complete payroll system which calculates:
- Tax liability
- Leave liability
- Superannuation deductions
- Fringe benefits
No more end of financial year worries as all information is up to-date, with group certificates, and PAYG tax reconciliation reports automatically generated.
Features which can be incorporated include:
- Full-time, part-time, casual and contract employees catered for with either standard or flexible pay rates.
- Multiple payment methods including direct deposits to multiple bank accounts if required, or a combination of bank deposit and cash or cheque.
- Allocation of payroll to different general ledger expense accounts for accurate cost allocations.
- Up to date information on all sick, annual and long service leave entitlements as well as pro-rata and future contingent liabilities. Calculate leave by date or hours worked for different employee categories. Automatic and manual rostered days off can be accommodated for detailed reports on all areas of the payroll system, including summary reports.
This article is not a substitute for independent professional advice. We do not warrant the accuracy, completeness or adequacy of the information or material in this article. All information is subject to change without notice. We and each party providing material displayed in this article disclaim liability to all persons or organisations in relation to any action(s) taken on the basis of currency or accuracy of the information or material, or any loss or damage suffered in connection with that information or material. You should make your own enquiries before entering into any transaction on the basis of the information or material in this article. Please ensure you contact us to discuss your particular circumstances and how the information provided applies to your situation.