With employee payroll, there’s no room for error. Pay checks and direct deposits need to be processed on time and accurately, every payday. Payroll is one of your organization s largest expenses, and payroll mistakes leave a bad impression with your employees.

Payroll accuracy impacts your organization's compliance with local, state, and federal wage and hour regulations, taxation, and employee benefits. Inadequate recordkeeping can expose your company to employee litigation or tax fines and penalties. You’ve probably read a lot about payroll outsourcing, but you might not hear as much about the value of reliable, in-house payroll processing using automated payroll software. Preparing your own payroll puts you in complete control over this essential employee benefit and gives you access to all current and historical payroll information for your company, at any time, without any barriers.

Managing payroll, tax filings, and payments in house puts you in control of your organization s compliance with payroll and tax regulations.

In this six-part series, we will illustrate the benefits of integrated, in-house payroll software. You will find comparisons of how in-house payroll software stacks up against outsourcing in terms of:

• Control over data security and accuracy and the scheduling of your payroll.
• Access to your organization’s s payroll data.
• Ensuring compliance with tax regulations and other laws.

In the next part, we talk further about the value of choosing to do your payroll in-house.