Tag: Payroll
Risk Non-Compliance
You do not have support for multiple types of pay. You need to classify multiple types of pay as the same type, i.e. hourly if using paid time off, etc. This makes it difficult to get detail on type of pay. You need to setup multiple types of deductions/benefits as the same type. This makes it difficult to get detail on type of deductions/benefits. You need to manually update tax tables as new rates are released from the Federal or State. This takes too much time, and sometimes there are errors. This has had a negative impact and has resulted…
Read More »Time and Cost to Manage Payroll
Your payroll applications only support a finite number of employees, and this number is too low. If you went beyond it, there would be a negative impact. You do not have support for multiple types of pay codes. You need to classify multiple types of pay as the same type, i.e. hourly if using paid time off. This makes it difficult to get detail on type of pay. You need to setup multiple types of deductions/benefits as the same type. This makes it difficult to get detail on type of deductions/benefits. Your payroll application does not support direct deposit and…
Read More »Late and Inaccurate Payroll
You do not have support for multiple types of pay. You need to classify multiple types of pay as the same type, i.e. hourly if using paid time off, etc. This makes it difficult to get detail on type of pay. You need to setup multiple types of deductions/benefits as the same type. This makes it difficult to get detail on type of deductions/benefits. Your payroll is not integrated with your financials and banking applications. You have to send reports back to the general ledger clerk to make transactions to track cash flow in bank reconciliation and cash flow. This…
Read More »Fines and Lawsuits
Your current method of compiling information for W2s is inefficient. If it is a manual process, it takes too long and it is a challenge to complete them on time as required by law. Sometimes, to have to redo them due to inaccurate numbers, and you cannot produce the new year’s payroll without having finalized W2s, etc. from the previous year. It takes too long to create required quarterly reports for workers’ compensation and unemployment. They may not be accurate the first time. You have to pay unemployment. Your current approach to tracking/paying your unemployment is inefficient. You have to…
Read More »Compliance Issues
You have to do compliance reporting, OSHA 300/301, VETS 100, and COBRA Notification Letters. Your method of tracking this is inefficient. It is difficult to produce required information upon request, and you need to generate different kinds of reports today. You are unable to answer questions quickly upon request, based on accurate and concrete data. It takes too long to access and compile that information. You manually track resumes and applications, but you receive many and it takes too much time to review them and look back for information amongst applicants. It is too difficult to match skill sets with…
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