Payroll Processing Solutions > Payroll Clerks
Until about 40 years ago, these calculations were performed manually or with electronic calculators, but computers have largely automated these calculations in recent decades. Nevertheless, with all of the information that must be factored in and reported every pay period for each employee, payroll processing is a complex and time-consuming job that comes under the direction of the accounting department.
Today, payroll processing software is available to capture time clock data, perform payroll calculations, produce payroll checks, generate payroll reports, and submit the necessary information to federal, state, and local tax authorities. In some cases, payroll software is included in comprehensive accounting or human resources packages.
Some companies process their payroll internally, but the laws concerning taxes, employee benefits, and deductions change from time to time, making it difficult and expensive for companies to maintain their own payroll software. So an increasing number of firms have opted to use outsourced payroll and human resource solutions offered by companies like ADP, Ceridian, and PayChex. With all of the various deductions that must be monitored and calculated, payroll processing can be a difficult, time-consuming, and challenging job. These payroll firms, and other payroll services, can make it easier on the in-house payroll department and ensure that paychecks are done correctly and on-time.
Some of these firms can handle a broad spectrum of employee administration functions for large and smaller employers. In addition to payroll and human resource services, they offer solutions in the areas of benefits administration and tax filing as well as time and attendance tracking and retirement planning.
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