Payroll
An automatic payroll process helps you comply with legal and tax requirements and simplifies the process of paying your employees. Many employers outsource the payroll function to an outside vendor or use payroll system software instead of relying on manual processes, Time and Wages.
Payroll Knowledge
Singapore payroll regulations are updated regularly. For example, the CPF contribution rates for low-wage workers will be increased from 1 January 2014. As a result, private sector and government non-pensionable employees (including first and second year Singapore Permanent Residents) who are earning monthly wages of more than $50 to less than $1,500 will benefit from the changes. PayDay! SaaS captures the legislation changes automatically behind the scene, so payroll calculations comply with the latest regulation changes. Therefore, you are worry-free about non-compliant payroll. – See more at:
http://www.payday.com.sg/Comparison/payday-vs-manual excel.html#sthash.TFaYBcBd.dpuf
Accuracy
Manual calculations increase the mistakes’ probability. Multiple times of payroll checking and / or an additional pair of eyes to go through the numbers are sometimes required to ensure accuracy. In contrast, PayDay! SaaS payroll experts make sure that it is 100% accurate. – See more at:http://www.payday.com.sg/Comparison/payday-vs-manual-excel.html#sthash.TFaYBcBd.dpuf
Security and Confidentiality
Manual processing security and confidentiality is subjective. With PayDay! SaaS, only authorized personnel has the rights to login and process the monthly payroll. Furthermore, PayDay! SaaS data center is SSAE16 compliant and 128-bits SSL encryption technology is applied to ensure the best security for your data.
CPF, IRAS and Bank GIRO e-Submission Files
To business owners who process payroll themselves, form fillings are tiring, especially when it involves a larger number of employees. With PayDay! SaaS, this process is automated at a click. CPF, IR8A and GIRO e-submission files can be downloaded right after payroll has been processed. You might also be thinking, “how can I use PayDay! SaaS to pay my employees?” PayDay! SaaS automatically generates your GIRO submission file which can be uploaded to your respective online banking portal. – See more at:http://www.payday.com.sg/Comparison/payday-vs-manual-excel.html#sthash.EksYWUWO.dpuf