Online payroll services continue to be a popular option for payroll outsourcing. Learn how online payroll services can save your business time and money.
Nowadays, you can do anything online-from downloading the latest music to diagnosing your ailments, and even conducting your payroll online. You can add payroll processing to the list of great services that you can now do online, often at a fraction of the cost of other payroll processing options.
The main appeal of online payroll services over other payroll outsourcing for accountants options is that they are readily available online 24 hours per day, 7 days per week. A business can access its payroll service information at a moment’s notice either for everyday reference or in emergency situations. No more frustration waiting for your ADP or Paychex representative to call you back!
Online payroll services are usually the least expensive and require much less time to get started than other payroll outsourcing providers. Without the expense of large teams of account representatives, online payroll services are able to pass along lower costs to their customers. Most online payroll services charge by the month or by the year, so businesses don't have to put in a large investment prior to seeing the payroll services benefits. Few online payroll services require a long term commitment, and many make your payroll history portable with just a few clicks of the mouse.
Employees frequently love online payroll services, since many allow them to check their payroll information online, as well as to make changes over the Internet. And of course, everyone loves having less paperwork!
As with anything, there are of course some drawbacks with online payroll services. Though you'll save money by not having an account representative, payroll processing can be very complex and unusual situations can require human assistance. Be sure to note what live support is available from your online payroll service, and test out how accessible and responsible they are.
Some companies are also uncomfortable with their sensitive payroll information being stored by a third party, where it could be susceptible to loss or theft. Though most companies now have robust backup systems, information theft is a growing problem.
Whether you are just starting out or have dozens of employees and are growing, more and more businesses are finding that online payroll services are a great solution to a challenge company of all sizes face!