Why Payroll Software Should Integrate With Accounting Packages - PowerPoint PPT Presentation

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Why Payroll Software Should Integrate With Accounting Packages

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As a business owner or manager, it can be tiresome to have to enter employee salary details into the payroll software, and then manually enter it into the accounting system, too. Without integration between the different software, this will always be a thankless and time-consuming task. In duplicating data from the payroll software to your general ledger, aside from it being a lengthy task, there is also ample room for error, and as all good business owners and managers should know, errors can cost a company more than just money. – PowerPoint PPT presentation

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Title: Why Payroll Software Should Integrate With Accounting Packages


1
Why Payroll Software Should Integrate With
Accounting Packages
2
  • As a business owner or manager, it can be
    tiresome to have to enter employee salary details
    into the payroll software, and then manually
    enter it into the accounting system, too. Without
    integration between the different software, this
    will always be a thankless and time-consuming
    task. In duplicating data from the payroll
    software to your general ledger, aside from it
    being a lengthy task, there is also ample room
    for error, and as all good business owners and
    managers should know, errors can cost a company
    more than just money.
  • However, all this hassle disappears when you
    switch to an integrated system, and heres how

3
  • The benefits of integrated systems
  • The overall efficiency of any business can be
    significantly improved when relevant data and
    information is provided only once. Having
    integrated payroll and accounting software that
    talk to each other, means that many time
    consuming and tedious tasks can be made much
    quicker, simpler and the risk of error is
    dramatically reduced.
  • What can you do with an integrated system?
  • Wage journals can easily and swiftly be created
    from finalized pay periods, and then sent
    instantly to the necessary accounting packages.

4
  • With integration, whoever is using the system can
    directly send the payroll journal to the
    accounting package, eliminating manual workload
    and the risk of mistakes arising from the
    duplicate entry of data, that could prove costly.
  • Payroll journal files can be customized to the
    accounting software provider, with the use of
    compatible files and built-in nominal ledger
    mapping. Mapping, in basic terms, communicates to
    the payroll where items get posted to in the
    accounting system, and can significantly reduce
    the time usually spent to perform these
    associated tasks.
  • With certain software, users can choose if they
    want to include individual journal records for
    every employee, or whether they want to merge the
    records into totals for each unique payment date.

5
  • There are many ways in which software can help
    businesses become more efficient and even save
    them money to get all the latest updates and
    news about which packages would best suit your
    business, talk to your payroll provider today. If
    you dont have a payroll provider and are
    managing pay in-house, then you might want to
    consider outsourcing to make you more
    cost-effective and efficient in many areas.
  • While many offices remain closed during the
    pandemic, representatives can be contacted via
    telephone or email, so to make sure your business
    can get up and running with the latest software
    as soon as restrictions are lifted, talk to your
    local, trusted payroll professionals today.

6
  • Apollo Payroll is one of the premier small
    business payroll services companies in Miami and
    Coral Gables. Apollo Payroll is dedicated to
    delivering expert advice, responsive service, and
    highly accurate payroll processing and reporting
    to ensure the success and growth of the business
    that we serve. Our services include comprehensive
    payroll services in Homestead and other cities in
    Miami-Dade County, employee background check and
    group health insurance in Miami Coral Gables
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