Before your new payroll software is implemented, make sure your current payroll department procedures are reviewed by your team. If there is any room for improvement, take this opportunity to eliminate inefficiencies to streamline the process. Verify the reporting requirements for your human resources and finance departments and make them a priority in your system. Also,
review any applications that feed into your payroll system to determine how they can be integrated together.
It can be helpful to involve your employees in the development of the payroll system by having them provide feedback and define the system requirements. Make sure you have enough resources dedicated to the project to learn the new processes and help train other employees. Once the payroll system is ready to implement, run the older software in tandem with the new software in order for testing purposes, noting if there are discrepancies in the data.
Once the new payroll system is fully implemented, focus on maintaining the system and routinely checking it for accuracy and inconsistencies. This helps to ensure that the payroll data is transferred smoothly with fewer errors. With careful preparation and maintenance, you can avoid mistakes and your company’s payroll process will be streamlined.
Let the payroll experts at Simplified Tax Inc help your small business with their tax preparation services. Give them a call at (608) 269-2633 to speak to an accounting professional, or visit their website to learn more about their tax preparation and planning services.