Payroll Services
What we do for your Payroll SERVICES?
Payroll liabilities are crucial for any business.
Our Payroll mechanism will calculate your payroll liabilities for your employees on time and with utmost precision and hence you stay compliant with applicable payroll legislation. We help to save your cost, labour and time.
How it Works
Each payroll period, simply provide us with the working hours, vacation or holiday time that an employee has taken during the payroll period. We’ll calculate the following:
- Gross Salary / Wages
- Superannuation
- PAYG Tax
- Additional payments (HELP payments)
- Annual leave and sick leave
Our Level 2 Accountant is in direct contact with the Australian Accountant/client to receive the payroll information for processing the payrolls.
We provide you with the payslips for every payroll making it easy to process payments to your employees bank accounts.
Turnaround time for payrolls is the same day.
A sneak peek in the crucial functionalities of the Payroll Services:
- As per the need of the client payroll processed in different softwares like Myob,Myob Essentials,Quick Books, Xero, Payroller, Odoo,ADP.
- As per the client convenience payroll processed at a frequency of either weekly,fortnightly or monthly basis.
- Respective industry award sheet followed for processing the payroll.
- A separate database is created for complete employee details in an excel.
- As per the designation and level assigned by client,rate is arrived at and accordingly payroll is processed.
- Age of employee tracked weekly in order to pick correct rate as per age.
- For every employee an uptodate Year to Date (YTD) sheet is maintained in order to arrive at any instance of time the Gross , PAYG & Super accrued till date.
- Each time when payroll is processed, ytd is checked and then issued the payslips.
- Super is accrued as and when the employee meet the criteria.
- Super payslips genetared on monthly or quarterly basis as per client’s requirement .
- At any time if an employee leaves or resigns the organisation,accordingly the full & final settelement amount is arrived at and accordingly all accrued leaves are paid off.
- According to client instructions payslips either emailed bulkly to employer or individually to employee.
- Each time when payslips are mailed to client, confirmation for any changes inquired so that STP can be done.
- For online clients STP done for last payrun when processed for current week.
- STP finalization done in case of online clients.
- Payroll processed by Level 1 Accountant and reviewed by Level 2 Accountant ,hence dual checking is done which results in errorless output.
- Level 2 Accountant will be in direct contact with the Australian Accountant/client to send the payslips on time.
LET’S TALK ABOUT THE NEW PROJECT
Our excellent team is ready to work on your books of accounts.