1Data sources and a calendar
Where changes come from and when the period closes.
Payroll
Regularity, confidentiality, control. Payroll is sensitive to deadlines, to changes in the team and to who can see the data.
Sound familiar?The team changes often, and changes get lost, Pay and contractor payments are calculated by hand, It's unclear who can see payroll data
Accounting and Financial Records
How we work
1
2Checking changes
Who approves them and how they're recorded.
3Calculation and a check before payment
4. Reporting and a history of adjustments.
Sound familiar?
- The team changes often, and changes get lost.
- Pay and contractor payments are calculated by hand.
- It's unclear who can see payroll data.
What usually lies behind it
Payroll errors cost more than their amount in money: they damage the team's trust. Usually the cause is that changes (hires, departures, bonuses, vacations) arrive through different channels without a period-close calendar.
What you get
A period-close calendar with the people responsible.
A check before every payment.
A history of adjustments, with an owner for each.
Restricted access to the data.
The cost of waiting
If nothing changes
- 01
Changes will get lost.
- 02
Errors will be discovered by employees rather than by the system.
- 03
Payroll data will be available to people who don't need it.
When you don't need this service
- All accounting is being outsourced: payroll is part of it.
- HR documents aren't in order. They need to be sorted out first.
How to tell it worked
Payment errors
in a quarter.
Period-close deadlines
- Who has access to the data.
Questions
Can payroll be taken on separately?
Yes, if there's an agreed source of HR data and clear boundaries of responsibility.
How is the data protected?
Restricted access, agreed channels for transfer and named people responsible.
Who does the calculation?
EMET or a partner accounting firm; this is fixed before work begins.
Related
Services: Accounting Outsourcing · Bookkeeping Services · Management Accounting
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