{"id":255,"date":"2018-02-05T06:40:00","date_gmt":"2018-02-05T06:40:00","guid":{"rendered":"https:\/\/epo2023.appletest.com.au\/?p=255"},"modified":"2023-11-02T06:43:41","modified_gmt":"2023-11-02T06:43:41","slug":"payroll-software-evolution","status":"publish","type":"post","link":"https:\/\/www.epayoffice.com.au\/payroll-software-evolution\/","title":{"rendered":"The Evolution of Payroll Software"},"content":{"rendered":"\n
Remember those days when you sat behind a desk with an electronic calculator; adding up Bundy cards, breaking hours down into different pay elements, keying them into payroll and finally getting a result hours later?<\/p>\n\n\n\n
You were still not done after this.<\/p>\n\n\n\n
There were printouts to take to management for approval, the endless back-ups of data and then an hour or two of printing. There was manual collation of General Ledger expenses, the filing of reports, leave forms and maintenance change paperwork, only to start all over again when the next pay cycle came around.<\/p>\n\n\n\n
I am so glad we are past this!<\/p>\n\n\n\n
The following era saw us purchase costly Workforce Management software external to payroll, where little or few of these systems integrated with payroll both ways. It cut down manual errors, but caused its own set of issues \u2013 as if \/ when the user forgot to update one of the systems, they no longer ran in sync. In addition to this, set up costs ran in to the tens of thousands of dollars (and still does) \u2013 two systems were a huge expense for any business and still cumbersome to use.<\/p>\n\n\n\n
Of course, the alternative of using an accounting software package with payroll<\/strong> as an \u2018add on\u2019 was also popular, and still is. The downfall is that often things are missed in the important set up phase due to our complex legislation. This, coupled with most users having little to no knowledge of payroll rules, results in incorrect leave accruals and Superannuation Guarantee calculations.<\/p>\n\n\n\n This is also true for termination payments.<\/p>\n\n\n\n In today\u2019s age, any business desiring to cut costs and have an efficient payroll department must streamline their systems. Streamlining will not only save costs with regard to staff hours, but eliminate those costly manual calculation errors.<\/p>\n\n\n\n Today\u2019s systems have \u2018All-in-one\u2019 capabilities that incorporate Workforce Management software into the payroll system, allowing a seamless flow of information. Payroll set up costs<\/strong> are kept low so it is more affordable than the \u2018add-on\u2019 systems, which do not really talk to all parts of your business.<\/p>\n\n\n\n Imagine being able to roster your staff and direct them to work in a different department or location within the organisation, regardless of their current position and location. Imagine the ability to see what the shift would cost in advance and have the correct manager of that department sign off on the hours to say \u2018yes\u2019 they attended that shift.<\/p>\n\n\n\n With a streamlined payroll system, costs flow through to the correct expense account and the hours are visible in the employee\u2019s timesheet each day prior to payment. Daily cost reports include budget figures to compare actuals-to-budget costs along with sales figures if required.<\/p>\n\n\n\n These features are only the tip of the iceberg. Added functionalities are often available depending on the business\u2019s financial needs.<\/p>\n\n\n\nNeed to Streamline Payroll<\/h2>\n\n\n\n
Cloud-Based Payroll Software<\/h2>\n\n\n\n