FINANCIAL SERVICES OFFERED
To keep the business books, income and expenses up to date that the client knows if he is making a profit and is using his money to maximum effect. Is there places where there is too much fat and were ha can cut or save on his expenses or make better use of his money.
To keep the customer payroll up to date, make sure that he comply with all the legalities and that his employees is paid on time.
A business plan is the roadmap to know where your business is now where you want to take your business and how are you going to do it
Budgeting and Financial Management
To learn the client how to budget, how to keep to the budget and how to look for discrepancies and to eliminate the discrepancies
7 REASONS TO OUTSOURCE WITH SAGE PAYROLL
#1 Time Saved
Regardless of the number of people employed by your business, attending to payroll demands a great deal of time and attention to detail. Pay period follows pay period, each time requiring the business owner to input considerable amounts of data and double-check for any keying errors—time taken away from tasks a small business owner must attend to (including service to valued customers).
Outsourcing this function immediately frees up precious time. Employers only need to make contact with their customer service representative once each pay period.
#2 Money Saved
Time saved is money saved. Think of the time required for each of the following:
- Calculating payroll each time period
- Printing, signing, distributing pay stubs
- Generating reports for in-house and accountant use
- Preparing and remitting payroll taxes and returns to government agencies
When evaluated on a per-payroll-period or a monthly basis, a time/cost analysis may well indicate the benefits of an affordable full-service provider.
#3 Enhanced Security
Payroll processing is a complex and potentially risky business operation. Even with trusted employees, there is always a risk of identity theft, embezzlement of funds, or tampering with company records for personal gain. There’s also an ever-present risk when using in-house payroll software: How safe and secure is payroll data on the company’s server or network? This nagging question can consume a business owner’s energy and attention as well.
By contrast, online payroll solutions offer a “safe haven” for your confidential payroll data. In addition to redundant backup and multiple server locations, a quality payroll provider invests in state-of-the-art systems for storing and protecting data, simply because it’s part of the service provided to clients.
#4 Compliance with Government Regulations
Generally speaking, small business owners aren’t experts in the complicated world of government tax regulations. At the same time, they are legally responsible for any cases of misrepresentation or a failure to accurately report employment taxes to federal and state government agencies.
Mistakes can lead to audits and penalties—situations no small business wants or needs.
Government rules and regulations are always changing and small business owners can’t be expected to stay on top of these changes. Professional payroll providers, on the other hand, must stay current with rules, regulations and changes in tax rates.
#5 The Expertise of Professionals
A professional payroll provider employs individuals who know payroll processing inside and out. These individuals specialize in the complexities of payroll taxes, as well as compliance with government regulations. It’s what they’re trained to do and part of the guaranteed service they provide.
Savings in time and money, greater data security and the comfort of knowing experts are handling your payroll functions—these are compelling reasons to explore the benefits of outsourcing today.
#6 Automatic Deposits
An automated payroll process allows the employer to better manage payroll as a budgeted overhead expense that is known and planned for, so the funds go to the payroll account at the same time each pay period. This reduces the chance of late payrolls or a lack of funds and fosters employee trust.
Employees benefit from direct deposit paychecks by not having to depend on a trip to the bank to get access to their pay. The money is in their bank account each pay period on payday, eliminating any “float” time between when they receive a paper check and when they get to the bank to make the actual deposit.
#7 Accessible Paycheck Information
With an automated payroll process, the accuracy and accessibility of payroll information improve to nearly 100 percent. Computer software does the math and automatically creates records of transactions. Payroll staff and employees can see quickly and accurately what was paid, as well as annual accumulations and all categories of deductions. Transcription errors, incorrect math, and missing data are all caught by the system for timely correction. Automated payroll also keeps employee compensation information secure and easily accessible for both employers and employees.