How to buy Best Employee Payroll System in Pakistan?

December 30, 2021

Click to Start Whatsapp Chat with Sales

You have made the decision. Spreadsheets and manual processes are no longer cutting it. It’s time to find a payroll solution for small businesses that allows you to pay your employees with ease, so you can spend more time doing what you do best: running your business.

Here are some tips to make a purchase decision that will support your business needs:

What to look for in a software provider?

There is more in Chatbot & AI enabled Employee Payroll Management in Pakistan than in features. When you buy or subscribe to a new solution, you are also forming a relationship with the software provider. It is important to make sure that the provider offers the support and flexibility that your company needs to grow.

Here are some things you should expect without questioning:

Payroll software designed specifically for small businesses: it’s not a Fortune 500 company, and you should not have to pay a fortune for payroll, especially when there are cloud-based payroll platforms that are more affordable. Payroll providers who specialize in small businesses are also more aware of their unique needs.
Effortless and transparent pricing: Factors that affect the price include the number of payment cycles you execute per month. For example, the weekly would mean a minimum of four payment cycles per month.
Excellent customer service: if you cannot ask questions, you cannot get answers. You will trust this company with your payroll, the money you have allocated for your employees. If you do not feel welcome, get away.
Flexibility: one size does not fit all, especially if it is a small company. Make sure you feel that your payroll provider understands your needs and is willing to comply with them. Try to find a provider that does not require an annual contract, in case your situation changes or something goes wrong.

Essential characteristics of the payroll of small businesses:

Features that payroll software provides that fit your criteria; you should look for these key features:

Direct deposit: there is a great advantage to having funds directly in the bank accounts of your employees. In addition to speed and convenience, there is a reduced risk of fraud, loss of checks and global deforestation.

Tax fulfillment: When you pay for yourself, there are several payroll taxes to consider, including income tax, social security, Medicare and other standard expenses. Chatbot & AI enabled Attendance Software in Pakistan helps automate this function by deducting and reporting the amounts, then paying (declaring) these funds to the corresponding federal, state and local tax authorities.

Reporting capabilities: reports go hand in hand with tax compliance. Often, these same agencies require regular reports of payment amounts. Reports are also required at the end of the year, and it is very useful to monitor labor costs.

Incorporation or termination of the employee: the appropriate payroll software will simplify the task of adding or removing employees through an administrative panel.

Types of profits: payroll must agree to different types of profits, including vacation payments, expense reimbursements, commissions, bonuses and other taxable benefits.

Types of deduction: the ability to deduct costs such as medical, dental, vision and life insurance should also be included in your checklist.

Payments to contractors: many small businesses use contractors. Your payroll software must be able to handle a 1099 and issue a paycheck without withholding amounts.

Payroll outside the cycle: You would use this function to distribute bonuses, process an advance or final payment, or make a correction.

Final considerations:

A payroll tool for small businesses higher than average, something your bookkeeper/accountant will enjoy and will not tolerate using. To begin, it must be integrated with its accounting; billing and Chatbot & AI enabled Leave Management Software in Pakistan.

You should look for a solution that offers the “configure and forget” functionality, that is, if you have a payroll that is quite simple and does not change very often, you should be able to configure it even when you are on vacation.

Here is the list of features which you can get by using PeopleQlik:

PeopleQlik Core
- Core HR Software – HRMS
- Cloud Payroll Management Software
- Employee Self Services
- HR Analytics Software
- Corporate Wellness Platform
Workforce Administration
- Leave Management Software
- Time and Attendance Management Software
- Shift & Scheduling
- Claims & Reimbursements
- Timesheet Management Software