Managing a Business: 3 Pro Tips for Payroll Setup

What if you could make payroll easier almost overnight?

For many businesses, payroll is one of the most annoying aspects. However, it’s possible to streamline this process and make things much easier with the right payroll setup.

Wondering how you can make managing your business easier with a few payroll improvements? Keep reading to discover how to improve your own setup!

1. Automate Where Possible

Some days, it may feel like “automation” has become another annoying industry buzzword. However, effective automation is a game-changer for many parts of your business, including your payroll setup.

Investing in the right apps and software can help you automate much of your existing process. You may also wish to work with qualified third parties that can help further automate things.

The final result is that you spend less time worrying about payroll and more time worrying about expanding your business.

2. Create a Transparent Payroll Calendar

While you understand the steps to setting up payroll, your employees probably do not. Over time, this can lead to major questions about when employees will get paid, why their paycheck was different this month, and so on.

This uncertainty among employees may affect their performance. This is why we recommend setting up a payroll calendar and sharing it among all employees. This calendar should be easily accessible online, and physical copies should be available in places like the break room.

This payroll transparency step is simple, but imagine how much time you will save not having to answer so many employee questions about payroll!

3. Overhaul Your Organization System

When payroll takes too long and requires too much effort, the main culprit is typically the way your system is organized. While this can be very time-consuming, the best of our tips for setting up payroll is to overhaul your organization’s system.

For example, if you use a system like Outlook, you can use advanced organizational techniques to keep track of all your different payroll documents and other paperwork. This means you can access all your payroll info at the click of a button.

Additionally, you need to create a streamlined filing system for offline documents and information. Organizing everything by chronological order, for example, can instantly make things easier to access.

Finally, once you’ve overhauled everything, conduct frequent audits of your overhauled system. Over time, this will help you discover the different areas where your payroll setup needs improvement.

Make Your Payroll Setup Easier, Starting Today!

Now you know how you can improve your existing payroll setup. But do you know who can help you improve payroll as well as other aspects of managing your business?

Here at Sterling Tax & Accounting, we specialize in helping improve businesses just like yours. By letting us take care of bookkeeping, financial services, and more, you free your best workers up to help expand your brand.

Ready to see how far you can grow your business? All you have to do is contact us today to discover what our company can do for you!