Payroll generally is an operating expense for businesses provided the human resource employed contributes to the manufacturing or service process of your product and service. A business can not neglect the payroll function as it is a function that helps to calculate the total amount the company needs to pay to its employees for a certain period. Paying the employees on time and accurately can be a tedious task for small and medium businesses, but that being said, it can not be avoided as doing so will lead to employee dissatisfaction and penalties from the government. Payroll management can be a time-consuming activity with a task like mapping timesheets, preparing employee pay slip, salary, PF and much more. The best way to take care of your payroll management is to outsource this function.
Whiz Consulting is one of the top payroll outsourcing companies in India that can help you tackle your business payroll process. We provide payroll management outsourcing that aids in transforming your business's payroll management administration with a cost-effective and scalable solution. Our payroll management services allow you to give accountability for managing the payroll, taking care of payroll compliance and taxation regarding the payroll process.
Payroll management is a time-consuming and tedious process, whether it is performing manually or using the software. Chances of error in both cases are quite high.
There are certain compliances that businesses have to make sure of for different kinds of employees. And also, one has to keep updated with laws and regulations in regards to the payroll management.
there are various kinds of human resources – full-time, part-time, interns, contractors, and so on. This only adds up to the intricacy of the process leading to increase chances of inaccuracy.
Fraudulence like ghost employees, falsified wages and commission, or even fake insurance claims can impact your organisation as well as lead to a compliance issue.
Organisations in India generally does not have a Payroll Processing team or a personnel. It is performed either by HR or/and finance department which is not suggested as it hampers productivity.
Payroll management requires the use of technology to reduce errors in the process. But investment in either a payroll system or in-house experts resources can be a costly affair for the business.
Whiz Consulting as an outsourced payroll service provider offers the following services –
Payroll data entry, payroll data processing including tax calculation
On-time payslip generation and emailing
Calculating the exact amount due to employees after deduction of taxes
Recordkeeping & administration
Map the timesheets and prepare employee payslips, salary, and PF
Monthly, Annually Employer or Statutory compliance
We set up a system according to your schedule, and then we prepare a calendar with relevant dates.
Important data and timesheets are shared through email or via cloud storage services like Dropbox or Google Drive.
Based on your inputs, we calculate gross pay, deductions, net pay, provident fund, and so forth.
We process all employee payments through a batch file which is sent to the Bank for upload.
We review the activities at constant intervals, ask for your feedback and make revisions wherever required.
With Whiz Consulting's outsourced payroll service, you get access to the highly trained team and can obtain dozens of benefits just like other clients who have used our services. We process over a thousand payslips every month, and so we can assure you that your payroll is processed accurately. Some other benefits of choosing Whiz Consulting for your Payroll Service are -
Increased efficiency of payroll systems, controls, and processesIncreased confidence in the accuracy of payrollComfort that employees will be paid correctly, on time, every timeCustomised to the need of the client's requirementsConfidence that your payroll management services function is compliant with legislationComfort around the security and confidentiality of sensitive payroll informationDecade long experience for all sizes of businesses in India
Whiz Consulting has been providing Payroll Outsourcing Services to Indian businesses for a decade now. We provide a time-saving and cost-effective alternative to internal payroll management services that helps take away the burden of payroll for business owners. One must understand all the intricate processes involved in payrolls like salary calculation, PF, tax calculation, tax deduction, payslip generation, and much. These are best left in the hands of experts.
We have experts who are very well acquainted with the payroll management of Indian businesses. And so, if you require payroll services in Delhi, Mumbai, Hyderabad, Pune, Bangalore, or any other place in India. Our experts are well equipt and trained to use popular payroll management software in India. You can outsource payroll service for your business with us as we have experience in providing accounting, bookkeeping, payroll, and taxation for all scale of businesses in all these cities.
