How automated payroll saves you time, money and more

Automated payroll makes a big difference to small businesses

You’re a small business, and you don’t have a lot of employees. So paying your employees shouldn’t be that bad, right? Although this seems like a logical assumption, until you realize that the math isn’t as straightforward as it might seem and that payroll is a highly regulated process.  

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On average, small businesses spend nearly 25 times more hours on compliance issues, like inaccurate reporting or late payments, than larger businesses. Not to mention, you’re also the ones who bear the biggest brunt of payroll mistakes. 

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For the longest time, many small businesses had no choice other than to process payroll manually. Thankfully, today’s small business payroll tools are easier to access and more affordable than ever.

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How payroll automation helps from end to end 

More than a time-saver, payroll automation is a safeguard that helps you follow the rules from the time you hire an employee to the end of the year when you share your reporting. 

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Get set up properly right from the start

When you start using payroll software, you begin by entering your key business and employee information. It’s like filling out a digital checklist that ensures you provide all the essential business and employee information. 

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Add new employees with ease

Bringing on a new employee can feel like a paperwork marathon. Payroll software makes onboarding simple, letting you: 

• Keep all the information you gather in the TD1 form, as well as the employee’s banking details, all in one place. 
• Create an employee profile that can be used for payroll from this record. 
• Complete the required new hire reporting.
• Protect sensitive personal and financial information. 
• Verify that you’ve added all the key data. 

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Streamline each pay run 

Every time you pay your employees, automation takes care of:

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• Totalling the wages, payroll taxes, vacation, sick leave, benefits and other items. 
• Providing an overview for you to review. 
• Sending direct deposits to your employees’ bank accounts. 
• Creating pay stubs for employees and a master report of all employee data for you. 
• Reporting and setting aside payroll taxes to be paid to government authorities. 

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Want to know more about payroll schedules? Read this. 

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Really simplify government reporting and remittances

Government reporting and re-what? What it really means is sending the funds you take out of paycheques, along with the reports that go with them, to the Canada Revenue Agency (CRA) or Revenu Québec (RQ). With automated payroll, the reports are always current, the funds are set aside, and both are ready to send on time.

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Keep right on track for year-end 

At the end of your fiscal year, you’ll also close out your payroll records for the year, helping you and your employees get ready to pay your income taxes. For you as a business owner, it’s also yet another check to ensure you catch or correct any inadvertent mistakes. (Payroll software is amazing, but transposed numbers and inaccurate rates happen. Even then, you have a clear trail of breadcrumbs to follow.) 

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Give you and your employees greater peace of mind 

Instead of memorizing the rule book, payroll automation has the rules built in. With tools like Huumans Payroll, you can spend more time inspiring your employees rather than tracking down their banking info or adding up hours and wages. That means fewer mistakes, better data, and greater confidence for everyone. We like to call that winning. 

Want to know more about choosing payroll software? Try this checklist.