Payroll services

Why choose Accountants Direct to manage your payroll?

• What is payroll outsourcing?

  Outsourcing payroll is like bringing in a team of friendly experts from outside your company to take care of all your payroll needs. We prefer to look after your payroll as part of our overall bookkeeping and tax package, so we can ensure your payroll is always done accurately and on time and integrate with your other important accounting tasks.

  Many businesses are discovering the benefits of managed payroll outsourcing, especially since handling payroll can be a real drain on time and resources. By outsourcing, you can relax knowing that your payroll will be compliant, errors will be minimized, deadlines will be met, and you’ll have peace of mind. It’s a smart move that lets you focus more on what you do best!

• Why payroll outsourcing?

  For business owners who aren’t familiar with payroll, processing it can feel a bit overwhelming. With ever-changing laws, ATO deadlines to meet, and compliance to manage, it can take up a lot of valuable time. Handling payroll in-house can also be quite costly and requires specialized skills which is difficult to justify for small business. That’s why many find that outsourcing payroll can be a smart choice—it helps ensure compliance and gives you access to experienced payroll professionals.

  Let’s look at the pros and cons of both in-house and outsourced payroll:

  In-House Payroll

  Pros:

  • You have complete control over your payroll data.
  • You can manage your pay runs directly.
  • Instant access to your data whenever you need it.

  Cons:

  • You might need to share sensitive data with third parties.
  • You won’t always have instant access to everything.
  • There could be hidden charges that catch you off guard.

  Outsourced Payroll

  Pros:

  • You save time and reduce the need for in-house payroll training.
  • It helps minimize the risk of payroll errors, omissions, and late processing.

  In the end, the choice between in-house and outsourced payroll depends on what works best for your business. Each option has its own set of advantages, so it’s worth considering what will suit your needs most!

• Is payroll outsourcing right for you?

  No matter how many employees you have, keeping your payroll running smoothly is super important! Paying your team on time and accurately is key to their financial well-being and overall engagement. If payroll is taking up too much of your valuable time and resources, outsourcing might be a great option for you.

  So, should you consider outsourcing your payroll? Ask yourself these questions:

  • Are you finding yourself reworking payroll due to errors and duplicate data?
  • Are you feeling stressed or confused about payroll compliance?
  • Would you like to take a closer look at your internal payroll costs?
  • Are you having trouble paying your employees correctly and on time?
  • Do you often miss important payroll deadlines, or are you just scraping by?
  • Is a lot of your time spent on payroll queries and administration?

  If you answered “yes” to any of these, it might be time to explore the benefits of payroll outsourcing.

• What software do we use?

  We use Xero for all payroll processing and a number of industry leading timesheet add ons such as Xero Me, Deputy, Tradify, and ServiceM8 and others . Xero and Xero add on’s are  a fantastic choice for payroll because it makes the whole process easier and more accurate. With features like tax and superannuation calculations, employee self-service for timesheets, and smooth integration with your accounting records, it’s perfect for small to medium-sized businesses. This integration gives you a clear picture of your finances, saves you time, and helps keep everything compliant and accurate.

  Key Benefits of Using Xero for Payroll:

  Calculations: Xero takes care of calculating pay, taxes, and leave automatically, which means fewer errors and more time saved for you

  Employee Self-Service: With the Xero Me app, your employees can easily submit timesheets, manage their leave requests, and view their payslips. This helps lighten the load for business owners when it comes to admin tasks.

  Seamless Integration: Payroll data flows directly into Xero’s accounting system, so you won’t have to juggle different software. Everything stays organized in one place!

  Compliance and Security: Xero keeps up with the latest regulations and includes features like automatic updates and a secure, cloud-based system to ensure your data is protected and compliant.

  Comprehensive Reporting: You’ll have access to detailed reports on payroll activity, leave balances, and other important metrics, helping you make informed decisions.

  Flexibility: Xero is designed for small to medium businesses, offering flexible monthly subscriptions that allow you to adjust your plan as your needs change.

  We are the Xero payroll experts – and we can simplify your life and help your business thrive!

• How much does payroll cost?

  Here’s the great news! We offer a low fixed fee for each pay slip issued, starting at just $25. And the more pay slips you issue, the more you save!

  Feel free to reach out to us today for a personalized quote that fits your specific needs and growth goals. We’re here to help!