Payroll Outsourcing
Ensure timely and accurate payroll processing to enhance your branding and employee satisfaction.
Improve Accuracy
Ensure the processed payroll aligns perfectly with the accounting ledger.
Delight Team
Effortless payroll processing to ensure your employees are paid on time.
Stay Tax Ready
Avoid the hassle during tax season or extended tax periods.
Why should you outsource payroll processing and reconciliation services to Finalytics?
Finalytics has a team of payroll management experts specializing in Payroll Services for Small Businesses, handling everything from simple to complex payroll processing, reconciliation, and management. We have a diverse portfolio, managing payroll for businesses of all sizes—small, medium, and large. Our custom Payroll Outsourcing Services are tailored to maximize ROI for small businesses through efficient payroll administration, processing, and management. We offer comprehensive payroll outsourcing services, either handling all tasks or specific predefined jobs based on customized payroll solutions. Additionally, we ensure full compliance with tax laws, statutory regulations, and other standards, managing and reconciling payroll records to ensure timely salary disbursement and additional benefits.
Our XERO Accounting Services include the following:
Salary & Pay slip
- Processing the transfer of net salaries to bank accounts
- Preparing detailed pay slips for each employee, including a breakdown of deductions as required by law, and delivering them to employees via their preferred communication channels
Record Maintenance
Record maintenance involves two key components:
- Master Details: Establishing a Master Payroll file that includes Employee ID, personal information, educational qualifications, increments, and entitlements.
- Transactional Details: Tracking employee attendance, advances, statutory deductions, and other related information.
Reports
- Customized weekly or monthly payroll reports tailored to your needs
- Payroll returns filed manually or electronically
- Client check stubs/pay stubs
- Issuance of Form W-2 and 1099s at year-end
Submission of Payroll Returns & Statement to Authorities
Our Online Payroll Services for Small Businesses include submitting employee compliance statements and tax payments to various authorities—such as revenue and social security agencies—before statutory deadlines.
Payroll Preparation and Cost Analysis
Payroll calculation for each employee involves computing Gross Pay, Net Pay, employment taxes, Social Security deductions, and other statutory deductions in accordance with national laws. Detailed payroll analysis is provided for the company's cost analysis.
Engage Dedicated Payroll Experts
Payroll management can be time-consuming if done correctly. By hiring dedicated Payroll Clerks, you can ensure that they handle the processing and reconciliation of employee paychecks by managing data and time-sheets.
Streamline employee payroll management with expert outsourced payroll services provided by leading payroll management professionals.
Accurate management of employee personnel and transaction records simplifies data processing and salary calculations. While payroll management can be time-consuming and tedious, our payroll outsourcing services take on the complex tasks of managing employee details, preparing payroll, processing salaries, and filing payroll returns efficiently.
Our expertise lies in compensation and compliance management, achieved through strict adherence to best practices.
Our payroll processing and management services encompass end-to-end solutions, including salary calculation, deductions, and return filing.
You will have real-time access to payroll-related data and documents through digital means, allowing you to review and manage them anytime, ensuring full control and ownership of your data.
Payroll Outsourcing Services will encompass correcting payroll processing errors, managing tax account separations, addressing incorrect deductions, resolving discrepancies between gross pay and monthly salary, and fixing other accounting inaccuracies.
Our experience and portfolio span a wide range of industry sectors, including nonprofits, healthcare, hospitality, food and beverages, retail, eCommerce, manufacturing, small businesses, and more.
Achieve hassle-free payroll accounting by outsourcing your payroll management to Finalytics.
Join us and make the right money move.