214-821-4144 | info@BridgeRightGroup.com

BridgeRight Group
  • Home
  • Services
    • Training for QuickBooks®
    • Bookkeeping
    • Forensic Bookkeeping Services
    • PPP Loan Forgiveness Assistance
    • Payroll
    • Payables Management
    • Sales Tax Automation
    • Advisory Services
    • Cash Flow Forecast
    • Consulting for QuickBooks®
    • Cloud Bookkeeping
  • Products
    • QuickBooks Online
    • QuickBooks Online Advanced
    • QuickBooks Payments
    • Gusto HR & Payroll
  • Industries
    • Professional Services
    • Nonprofit
    • Independent Pharmacies
    • Law Firms
  • Resources
  • Blog
  • About
  • Contact
July 7, 2017

Five Ways to Streamline Your Payroll Process

David Pattillo Payroll Tips

For business owners with employers, payroll is a necessary task that can slow your day and tie you down if you let it.  If you’re looking for a way to make payroll less time-consuming, here are five ideas you can put to good use:

  1. Employee Onboarding

If you hire a lot, empower your new hires by letting them do their paperwork for you.  A good payroll system allows employees to “onboard” themselves, completing the I-9, W-4, and direct deposit authorizations electronically, even before they show up for their first day. You’ll still need to ask for ID on their first working day, but at least you won’t have to do their paperwork for them.

  1. Integrate Employee Benefits

Rather than hire several separate companies to handle benefits, some payroll systems allow you to integrate benefits solutions right in their dashboard.  That way, you won’t have to re-enter employee data in multiple systems, which often gets out of sync.  Deductions and payments can also be integrated to save accounting time.

  1. Delegate Timesheet Entry

Require non-exempt employees to enter their own time; all you should have to do is approve it.  The right timesheet application can take care of that, and a great timesheet application will allow employees to enter time from multiple options, including timecard, cell phone, and others.

  1. Eliminate the Annual Worker’s Compensation Audit

Tie your worker’s compensation vendor to your accounting system, and you’ll be able to avoid that time-consuming annual reconciliation report required by your worker’s compensation insurance company.  You can also avoid the large annual payment because the insurance will be taken out each payroll cycle.

  1. Reduce the Frequency of Payroll

It’s not always possible, but if you can pay employees less frequently, you might be able to cut your payroll time in half.  Pay weekly employees every two weeks or pay bi-weekly employees monthly.  Reducing payroll frequency boosts cash flow as well.

Try one of these five ideas to streamline your payroll time and costs in your business.  And as always, let us know if we can help.

7 Tips to Become a Successful Accountant What Is Reasonable Compensation?

Related Posts

Business Tips, Payroll Tips

How Business Owners Get Paid

Archives

  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • May 2017

Categories

  • Accounting
  • Accounting Software
  • Blog
  • Bookkeeping
  • Bookkeeping Tips
  • Business Development
  • Business Growth
  • Business Tips
  • Cool Tech Tools
  • Cost-Saving Tips
  • Cost-Savings Tips
  • Customer Service Tips
  • Decision-Making Tips
  • Expense Reduction Tips
  • Finance Management
  • Management Tips
  • Marketing Tips
  • News
  • Payroll Tips
  • Personal Development
  • Profitability Tips
  • Tax
  • Technology
  • Time Management Tips
  • Uncategorized

Sitemap

  • Home
  • Services
  • Products
  • Industries
  • Resources
  • Blog
  • About
  • Contact

Contact Us

Bookkeeping Services, Advisory Services, and Services for QuickBooks®

BridgeRight Group

214-821-4144 | info@BridgeRightGroup.com

4848 Lemmon Ave, Suite 100-785
Dallas, TX 75219

Client Portal


Intuit, QuickBooks, and QuickBooks ProAdvisor are registered trademarks of Intuit Inc. Used with permission under the QuickBooks ProAdvisor Agreement.
© BridgeRight Group 2021
Copyright BridgeRight Group | Site Design by Accelerator Websites