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A way to simplify and speed up the task of paying employees on time and accurately. Payroll people love payroll software because it typically calculates deductions and abatements, processes direct deposits, provides self-service access to employees, offers full-service tax filing, generates payroll-specific reports, and has the ability to print checks. To help make the payroll process even easier, many companies offer HR and payroll to help reduce the need for data double-entry and provide a more streamlined experience.
What is the difference between human resources and payroll?
HR (Human Resources) and Payroll are two departments within a business. Payroll is a list of employees and the amount they are to be paid, while HR handles various tasks related to the management of employees and administration, such as hiring, firing, benefits, attendance, and more.
Sometimes there is overlap between departments, as HR may handle payroll responsibilities. However, payroll does not always fall under the purview of HR. The task of creating and managing employee pay may also be handled by the finance or accounting department.
Is payroll an HR or finance function?
Some companies are undecided about which department should handle payroll responsibilities. But in most cases, HR is best equipped to handle the majority of payroll tasks, since it is the department that already handles most of the employee relations. Some companies choose to split payroll responsibilities, with the finance or accounting department taking care of the numbers and calculations, while HR handles any changes to the master payroll.
What is HR and Payroll Software?
Sometimes HR software and payroll software are combined into one convenient tool. Since many HR departments handle payroll, this is a great streamlined solution that makes it easier to handle tasks related to payroll processes as well as other elements related to employee relations. HR and payroll software can automate certain tasks and ensure that employees are always paid correctly and on time. This type of software can often be customized to create a unique payroll model that handles even the most complex tax codes.
HR Mantra Payroll
For many organizations, payroll is stressful, overly complex, and time-consuming, requiring hours or even days of preparation. HRMantra Payroll makes payroll easy, quick, and stress-free. Thanks to a simple three-step process and deep integration with HRMantra, you can be confident that your employees are being paid on time and correctly every pay period. HRMantra Payroll files federal and state taxes on your behalf, gives you access to over 100 standard reports, and provides exceptional customer support to ensure you stay compliant. With HRMantra Payroll, you'll save yourself the time and worry of payroll - leaving you free to focus on other important initiatives.
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