Do you prepare the monthly payslips for your employees yourself? Or do you have a payroll accountant who does? Many people find it safe to have payroll administration in-house. There’s a certain confidentiality associated with payroll. It has to be on time and it has to be correct. If employees have questions about the payslip, the payroll accountant should also be available to answer or correct any errors.

However, doing payroll yourself isn’t always the most profitable or best option. In most small businesses, there is only one employee who does and can do payroll, which means there is no one to liaise with on a daily basis. This requires a dedicated specialist to prepare correct payroll at all times with the many common legal requirements and regulations. And when payroll administration is only a small part of the workspace, it can be difficult to achieve in a busy workday, and there’s a risk of errors.

Payroll administrators in smaller companies often have many different tasks, so it’s rare that the payroll administrator is a dedicated payroll specialist. Therefore, there is a risk that the payroll administrator is not doing payroll in the most favourable way. In smaller companies, it’s not uncommon to have manual handling of holiday accounting, manual entries in the payroll system and manual bookkeeping of payroll.

Manual processes take longer and there is a higher risk of errors.
With only one person doing payroll, there is also always a vulnerability associated with payroll. Should the payroll administrator resign at short notice, go on sick leave or even get hit by a roof tile, it quickly becomes a critical situation – both in terms of on-time payroll and risk of errors. And payroll errors always mean a risk of dissatisfied employees and a poor workplace image.

The outsourcing of payroll administration to Advitime provides you with: