I’m watching a growing trend, and I’m loving it! Clients are moving their payroll back in house and back under their control, and the reasons are quite interesting.
Payroll services make mistakes, and I’ll bet that’s not news to you. We’ve seen wrong hours, wrong rates, wrong dues deductions; we’ve seen wrong state unemployment rates followed by a large ‘catch up’ amount to get back on track; we’ve seen quarterly state report filings that don’t match the activity on the weekly registers; then there’s the client who uses the payroll service’s workers comp insurance, and they accidentally took out thousands of additional dollars, unannounced and in error! Good thing it didn’t cause an overdraft, but it certainly impacted their available cash and took a while to clear up.
Did you know that you are responsible for the accuracy and timely filing of all payroll-related information, regardless of whether you use a payroll service or not? It is rare that I find a client who is checking these reports and payments weekly for accuracy. I know your bookkeepers are matching the net check amount, and making some kind of entry for the tax payments, but it’s very rare when I find one that is checking the accuracy of the information. When we bring a new client on to Sage 100 Contractor, and they use a payroll service, they often have no idea what their state unemployment rate is, for example.
We’ve helped quite a few clients make the change back to in-house payroll, and a growing number of them in recent months. There are some very specific benefits to taking back control of your payroll.
Payroll processing is not rocket science – yes, you have to be diligent, know the rules, and accuracy is very important, but abdicating to the payroll service doesn’t ensure that all will be well or even accurate. Take back control of your information and your cash flow! Consider moving payroll back in house.
Intrigued? Here’s how to find us – 630-850-9039, CustomerSupport@www.syscon-inc.com – CMW