Payroll Management Services

As a business owner, you probably hold many positions within your company, ranging from CEO to service provider. You don’t need to be a payroll expert as well.

Payroll management services from Jessi’s Bookkeeping & Financial Services can help your business earn trust and stay compliant with tax laws. As a South Dakota accountant, I can help you choose payroll software, help with onboarding, and provide ongoing management, allowing you to focus on running your business.

What is Payroll Management?

Payroll management, also referred to as payroll administration, is the process of compensating your employees for their services. It includes calculating the hours worked, establishing a payment method, and withholding taxes. Payroll software completes many of these tasks. However, it’s still crucial to verify employee hours and ensure that employee information is kept up-to-date.

Good payroll management will ensure that your employees are paid promptly, increasing employee satisfaction and retention. It will also protect you from legal repercussions, such as tax mistakes or under compensating your employees.

Benefits of Outsourcing Payroll

Though many companies process payroll internally, outsourcing may be wiser if you don’t have a trained employee who can process your payroll every month. Here are a few benefits of outsourcing payroll to a bookkeeper or accountant:

Minimize Payroll Errors

Assigning payroll to an employee who doesn’t specialize in human resources or accounting can increase the likelihood of errors. Over time, late payments or mistakes in employee paychecks can erode trust in your business. At Jessi’s Bookkeeping & Financial Services, I specialize in payroll management, and my priority is to ensure accuracy. I will check for discrepancies in employee hours before payroll processes each month and inform you of any concerns.

Payroll Software Onboarding

There are more payroll software options available to your business than ever before. If you are still processing payroll manually, I can help you choose software that meets the needs of your business and take care of employee onboarding. Depending on the number of employees in your company, onboarding them yourself can take up much valuable time that you don’t have as a business owner.

In addition, some payroll software is more intuitive than others. Mistakes in onboarding can affect the accuracy of your payroll for months to come.

Increase Efficiency

Hiring a payroll expert can increase the internal efficiency of your organization by allowing you and your employees to focus on other responsibilities. As your South Dakota-based payroll expert, I can onboard new employees seamlessly, allowing you to operate with minimal disruption.

Payroll Tax Compliance

Payroll tax compliance is another great reason to outsource payroll management. The U.S. tax code is notoriously difficult to understand and changes frequently. So, it’s important to rely on a trusted accountant to help your business follow regulations. Your payroll software will process monthly taxes automatically. Still, I will work to ensure accuracy in employee records and assist in filing quarterly reports.

Cost of Payroll Services for Small Businesses

The cost of payroll services will vary based on the size of your business and whether you require other financial services. I don’t believe in one-size-fits-all solutions. Instead, I will work with you to create a plan that fits your business needs and budget.

My financial services for small businesses start at around $350 a month but contact me directly for a quote. We’ll discuss what services make sense for your business and how I can help you achieve financial success as a remote accountant working from South Dakota.

Work with Jessi’s Bookkeeping & Financial Services for Payroll Administration

I founded Jessi’s Bookkeeping & Financial Services to provide honest and accurate accounting to business owners across the United States. I have seen too many businesses fail because they didn’t have access to good financial guidance.

So if you’re looking for a reliable partner for your business, I’d love to speak with you. During your free 1-hour consultation, I will give you an honest assessment of your financial situation and discuss ways to help you meet your financial goals. Schedule an appointment today!