Online Payroll Software for Accountants and Small Businesses
Payroll is not just about calculating salaries of all employees. It is much more than salary payments. Payroll is an integrated process that manages salary disbursements, leaves, tax calculation, SSP, SMP, Student loans and employers NI allowance, holiday scheme and other schemes.
Whether you are running a small business, a start-up or a big business a payroll system is the integral part of that. As the time are changing and we are in an age where things are required to be performed at as short a time as possible and that too with 100 per cent accuracy. Thus having an accountingpayroll software is a must. Payroll management softwarewill quickly perform much of the calculating payroll process with greater accuracy. Nomisma is a fully automated and fully revolutionarypayroll accounting software that will is designed for start to finish process.
Accountant's payroll software
Accountants many a times have to deal with payroll on behalf of clients. Small business accounting software with payroll can help them manage payroll activities efficiently and more effectively. An online software will give you access to all the details of the employees of the client at anytime anywhere also the multi-user module will enable your client, in case they want, to see all the relevant data. As an accountant you need to have an easy and low cost accounting software with payroll which makes the process of payroll management simpler. You also need to ensure that whatever software you choose it needs to be HMRC complaint. Some key features that you may look for in the payroll accounting software include unlimited number of employees per company (this is great for accountants dealing with businesses of varied sizes), automatic calculations, one off-payments, data collection and management, 24 hour customer support, secure payroll, electronic submission to HMRC, among others. There are a number of software options available in the market for accountants, including some free to download ones. We recommend Nomisma, a cloud-based payroll accounting software, for its ease of use as well as its accurate calculations and detailed reporting.
A small guide to payroll software
While choosing an online payroll software you can consider the following points.
Look for ease of setting up of the software. Look for software that helps you to standardise new clients and employee setup. This will allow you to start processing payroll faster and accurately.
It is always better to have live payroll than ATF payroll. Nomisma comes with powerful automation and the cross-client processing does much of the work for you. With Nomisma multiple staff can get access to the data so that the work is done faster and delivered to the client.
You need to look for auto-enrolment feature that will generate required communications to be sent to employees, it will automatically assess and enrol all eligible employees within the course of a payroll run and then enrol the eligible ones in the pension scheme. It also generates output files for chosen pension provider, etc.
When you are handling many clients then you can’t do all the work yourself, you got to divide it among your staff. Thus look for software that gives access to multiple users, however letting controls in your hands, for example customising the programme for each staff member according the job and responsibilities they need to perform. Nomima, comprehensiveaccounting software, is completely customizablewith multi-user functionality that allows multiple staff members to work on same client at the same time.
Fast data entry
Look for a software that allows to instantly import data from a variety of vendors, as well as bank statements and other information. With Nomisma accounting software payroll data can even be entered by your clients from anywhere anytime with the optional remote payroll data entry module. You can also use the mobile app feature for fast and quick data entry.Read Also: Nomisma: A Truly Integrated Solution to Bookkeeping And Accounts
Look for software that automatically makes RTI submissions to HMRC. RTI filling takes a lot of time and efforts. But with a cloud based accounting software like Nomisma RTI submission is as easy as cutting a cake. With Nomisma All it takes to file RTI is a couple of clicks. With Nomisma you can be sure that your submissions will be timely and correct saving you from all the efforts.
The world is going paperless. Look for accounting payroll software that makes your clients payroll paperless. For this there is need to give access to client to enter data online through mobile app or other means. Once you have data you can process it and then the payslips can be sent to the employees through mail which if they want can be printed any time. Nomisma will generate all the payslips online which can be then emailed through the software itself.
SSP, SMP, Student loans and employers NI allowance
Look for software that is HMRC complaint and manages all details of the employees including SSP, SSM, Students loans, pensions, OSP and others. As stated earlier too Nomisma, one of the best accounting software is fully HMRC complaint and knows all your obligations and easily calculates those.
Keeps records and provides reports
It is very vital that whatever information that you comply should be stored within the software so that it can be used at anytime required. Since Nomisma is a cloud-based payroll accounting software all your data is safely secured with us which can be accessed by you as well your client anytime anywhere. Also the software is designed to generate special reports to give you a pictorial and clear picture of all the payroll activities.
Pricing is also an important point to be considered. Go for a payroll accounting software that is priced base on modules. Nomisma accounting software is available at very low prices which start at as low as £6 for payroll.