Payroll services are the essential activities conducted to ensure your employees receive their wages or salaries accurately and on time. The payroll processing steps usually involve:

Our Payroll Services

Recording and tracking employee work time

Accurately tracking and recording the hours your employees work and the projects they complete is essential for ensuring precise payments. We can help you set up a time-tracking system and create comprehensive reports on the total hours and projects completed by your employees.

Evaluating due salaries/wages

After the hours and projects are evaluated, the next step is to calculate the due salaries/wages. This involves determining the total pay and then deducting or adding amounts as per the completed work.

Conducting payments and making records

Once the final salaries are calculated, we can help you set up a collective payment model that you can use to disburse salaries easily. We can also record all the amounts paid as salaries for future reference.

The exact steps and routines followed during payroll processing can vary depending on the nature of your business, the size of the workforce, and payment policies.

At Square Accounting, we understand the unique needs and requirements of each of our client businesses and offer both full-scale and partial payroll services.
Full-scale payroll services (also known as “full-service payroll”) involve us handling all the payroll tasks and processing them on your behalf.

Partial payroll services (also known as “self-service payroll”) refer to the system where your business handles the actual payroll process but is aided by us in certain areas.

Partnering with Square Accounting for your payroll needs ensures you get the right services that cater to your business needs. Contact us today to know more about our payroll services.

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