Gideon Ahenkorah No Comments
Myth:

Payroll can be processed by anyone.

Fact:

Payroll is a whole process just like we have the accounting cycle. A payroll administrator should know more about Income Tax, Pensions and the Labour Law.

 

Myth:

Payroll can be processed with excel.

Fact:

Excel sheets can corrupt. Formulas in the excel can shift. Tax formulas may not necessarily be updated with change in Legislative release.

 

 

Myth:

Payroll outsourcing is expensive.

Fact:

Payroll outsourcing is cost effective. Have you considered the necessary resources needed in processing payroll? You need a robust payroll software (trust you me, excel will even cost more), not forgetting related maintenance cost, a server to host the software, confidentiality, statutory payments and the list goes on and on.

 

Myth:

Payroll is just payroll

Fact:

Payroll is not only about paying employees salary. Employees will need payslips. Leave transactions, overtime, expense claims and many others will all be processed through payroll. Payroll outsourcing with Employee Self Service is a sure and secured way to handle such situations.

 

Myth: Payroll is time consuming.

Fact:

Yes! It is really time consuming! Why don’t you focus on your core business, while the payroll experts handle your payroll? With Multisoft Solutions, not only do we process payroll for employees to be paid – we also provide a secured platform for employees to apply for leave, claims, change of personal and bank information subject to controls and approval.

Why don’t you outsource to Multisoft Solutions now?

 And oh, do you know that all tax payers (including employers & employees) are obliged to file their 2019 year of assessment before 30th April, 2020 as stipulated in Sections 11 and 12 of the Income Tax Regulations, 2016, LI2244?

 Tiresome of that activity, right? You already know what to do. 

 Give us a call now:  

 Email: bss@multisoftgh.com Tel: +233 302 235 149

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