The best when it comes to using outsource payroll service such as iPay ADP is that you can enjoy the benefits of the features it posses. These benefits are not only for the company but as well as with the employees. It is not new anymore where large companies outsource payroll services. This is because it does not just offer the payroll process but also with other services that can be integrated on the system. If you are planning to have your own payroll service, make sure you look for features that will be enumerated below:
- Can compute taxation. Many online payroll services such as ADP iPay offers this feature that compute the employment taxes which might include the state income tax, federal income tax, social security and unemployment. In this way, the company can file the appropriate paperwork and just pay the amount of tax the employee owns on his or her behalf.
- Can access online. The records of employees’ salaries are saved electronically on the system. Anytime, the employee can access his or her own account any time at any place as long as there is the right device and connection. Its good feature where the company do not need to print pay stubs, reports or receipts.
- Can deposit directly. This is a feature that is greatly appreciated by the employees. This is because the employees are expected to have their salary on pay day without delay. The system automatically gets the fund from the companies.
- Can generate reports. Another good feature of the online payroll service. The system will compute the hours worked per employee according to clients. It computes the hours worked, holiday pay, deductions, overtime or vacation and sick leave. The reports can be generated easily within just seconds.
These are the four most common features that outsource payroll service like iPay ADP offers to businesses.