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22. Perfex CRM Modules - HR Payroll - Payslip Closing Null

14 Lượt xem • 06/22/21
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The HR Payroll module manage everything having to do with the process of paying employees and filing employment taxes. They are put in place to keep track of worked hours, calculating wages, withholding taxes and other deductions, printing and delivering checks and paying government employment taxes.

Benefits of a payroll module:
If you have employees, payroll is one of the most important parts of your business—and the easiest to get wrong. Human error, a lack of resources, or an inconsistent payroll system can waste time and money.
On the other hand, a reliable payroll system holds a plethora of benefits:
Happy employees. Late or incorrect paychecks may cause employees to question the company’s stability and lose morale. Morale affects company loyalty, employee productivity, and even your customer experience. Pay employees accurately and on time to keep them happy.
Less time wasted. A reliable payroll system can shave hours off the time it takes to run payroll—or take payroll off your plate completely. The less time you spend manually entering data, calculating paychecks, and worrying about taxes, the more time you can spend running your business.
Tax compliance. Your payroll system ensures you’re making the appropriate deductions for things like health benefits, Social Security, and Medicare. A great payroll system handles your payroll tax responsibilities for you, including tax payments, tax withholding, government reporting, and tax compliance.
Additional services. Many payroll systems, including bookkeepers, payroll services, and software, offer additional features and benefits. Services may include workers’ compensation, paid time off (PTO) management, time tracking, retirement savings, and human resources support.
Wage and hour compliance. Each state has wage and hour laws in conjunction with federal wage and hour laws. Failing to comply with these laws could damage your reputation or land you with an expensive wage and hour lawsuit. A payroll system helps you understand and comply with state and federal laws.

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