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Payroll Accounting Services
Outsource your Payroll Processing Services to Bookkeeping Monster in India
Calculating employee’s wages and deductions, keeping updated with tax law changes and correcting payroll errors is a challenging and time consuming process that requires structured accounting and administrative process and outstanding execution skills to ensure accuracy and timely processing of weekly / bi â€“ weekly / monthly payroll.
Why would you Outsource Payroll Processing services?
Outsourcing payroll accounting & processing services shall enable you concentrate on your primary goal of growing your business. Outsourcing payroll related services shall generate substantial cost savings and improves your focus on core business functions. Released bandwidth of available resources can be utllized else were in other business activities.
Outsourcing payroll accounting shall also assist in fast completion of the payroll processing as the favourable time difference between India and other countries like US / UK and other European countries can be used to complete work fast as this time difference allows us to work while you sleep.
At Bookkeeping Monster, we focus on end-to-end offshore payroll accounting, tax administration and reporting service to relieve you of routine administrative & payroll accounting tasks. Since our core competency is to manage outsourced payroll accounting and its processing, you can be confident that your payroll and tax filing will be computed accurately and will be delivered on time.
Outsourcing payroll services to us will effectively reduce the cost of performing such function in-house by 50-60%.
Payroll Accounting & Processing services from Bookkeeping Monster:
- Electronic data entry including timesheets and computation of overtime, commission and bonuses.
- Generation of timely payroll reports.
- Preparation of tax returns
- Pay slip management and generation.
- PAYE deductions/ employee insurance and net pay calculations.
- Annually and quarterly tax returns.
- Other required payroll reporting including 940s and 941s reporting of W2 and W4
Following Softwares are used to ensure that we provide our payroll processing customers with fast and accurate services:
- Quickbooks Payroll
- Payroll PayCycl
- MYOB Payroll
- Other customized Payroll softwares
Top 5 benefits of Outsourcing Payroll Accounting and Processing
- Up-to-date management of payroll related information – payroll data entry, payroll data processing and updation
- Free yourself from IRS penalties.
- Be assured of about accurate payroll tax calculations
- Access to efficient process defined payroll administration