7 good
reasons to
manage your
own payroll

01Flexibility

Producing your payroll in-house provides you with flexibility in your operations that you would not otherwise have. For example, you can make last-minute changes without incurring additional expenses. You can also temporarily delay payroll production to integrate a new employee or access reports and records at any time.

Another important point to consider is that it will be much easier to answer your employees’ questions when it comes to certain specific situations.

02Savings

Producing payroll is an expense one way or another, there’s no escaping from it. However, producing payroll in-house is an expense that does not fluctuate, or barely. It is done using specialty software whose price does not change, regardless of the number of employees or the frequency of paydays.

Since producing payroll externally is a service, the price can easily be affected by factors beyond your control. Subcontractors generally bill according to the volume of work. Adding a new employee is enough to increase the cost. In other words, as your business grows, your payroll bill increases, whereas it would stay the same if you did your payroll in-house.

03Adaptability

As mentioned in the previous point, an in-house payroll system is not affected by the growth of your business. The number of employees has no impact on the price that you pay.

Producing payroll in-house is therefore a much more versatile solution which more easily adapts to the operations of your business. You can manage your payroll much easier by implementing your own methods and by standardizing the way you use the system with the employees who use it with you. You can also make adjustments without having to discuss each one with your subcontractor.

04Interaction with MyPaycheque.net

By compiling the data provided in Acomba Payroll, MyPaycheque.net has functions to send pay slips to your employees by email. You will no longer waste time distributing pay slips one by one.

MyPaycheque.net also provides you with a corporate library where you can deposit administrative documents and downloadable forms for your employees.

05Centralized information available in real time

By producing payroll in-house, you favour the centralization of production operations for all branches of your business and for employees on the road, leading to economies of scale.

Another practical aspect: you have real time access to all the information that you need to know your business’s situation, since you control who has access to the data in your system.

06Integration of data in accounting management

By integrating data with accounting management, you make it available in all modules of your accounting system. This step eliminates the dual entry of information and reduces the risk of error involved in entering data manually, while preventing any glitches during the payroll process at the same time.

07Control processes

You have complete control of data, thus eliminating the risk of leaks. You also have the flexibility of producing your payroll when it is convenient for you.

Another thing to keep in mind is that even if you outsource payroll processing, as an employer, you are responsible for ensuring that your payroll complies with laws and regulations. This makes outsourcing payroll a risk in itself, because you have no control over an obligation which you are responsible for.