Payroll administration is defined as any of the tasks necessary to organise the compensation of employees for the hours that have been worked.
This may include keeping totals for hours worked by employees, rates of pay and managing payments to employees.
For a small business owner, payroll administrative work is often performed by the business owner initially as there may be few employees. However, this work can be time consuming and by its very nature, has to be accurate.
Software may be used to facilitate ease of payment and tracking of payroll concerns or payroll may be managed on paper. Often we find companies outsource the management of their payroll to reduce the burden and to ensure accuracy.
Let us know if you need this kind of solution for your business.