Accounting and payroll services can be some of the most time-intensive and stressful tasks for any organization. Between time management, proper accounting, and the legal knowledge required to categorize and file payroll documents correctly, the process can be tricky.
Additionally, most small businesses do not have the resources to sustain a full-time in-house accountant. As a result, it is estimated that these organizations spend up to 5 hours per pay period entering and filing payroll, only to have 40 percent of these businesses see consistent errors.
This is why outsourcing your small business payroll and its associated accounting makes complete sense. Your organization can reduce time spent, financial burdens, and overall stress by letting an experienced and skilled third-party provider handle all elements of payroll processing.