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Product Review UK Paye and Payroll Software by
Payroll Software Strengths
The basic details of each employee are entered on an Employee Details worksheet including personal details such as name, address, starting date, income tax code and national insurance details. Details which every employer needs to mantain anyway to satify the requirements of operating a paye scheme. The payroll software then uses the paye data entered such as income tax code and dates and national insurance dates to calculate the income tax deductions and national insurance contributions of both employee and employer. Once the employee details have been entered running a paye system couldn’t be easier.
The payroll software pre-enters each employee’s name on the payroll each week or month and simply entering the employee gross pay triggers the payroll to automatically calculate income tax and national insurance contributions including the employers’ national insurance contribution using the standard income tax and national insurance tables which are embedded within the files supplied with the payroll software system.
Having calculated the net pay the payroll software then goes that extra step and automatically completes the time consuming paye deduction sheets, all arranged in the same appearance as the official inland revenue deductions sheet for recording income tax and national insurance deductions. The inland revenue forms file included in the payroll solution also has copies of the P60 employee certificate, P45 leavers certificate if required and the P14 which is a summary of the pay, income tax and national insurance contributions made by each employee. This feature of the payroll software is extremely valuable in saving employers using the small business payroll solution a great deal of time in paye administration.
Many payroll software systems require the purchase of payslip stationery. The DIY Accounting payroll software is different in this respect. First of all the payslips are all generated automatically from the information in the payroll file which shows the weekly or monthly gross and net pay, income tax and national insurance and the gross numbers to date. The Payslips all preset on payslip templates can be printed at any time on normal A4 copy paper being another money saving feature of the paye solution.
The income tax and national insurance deducted throughout the financial year are automatically collected by the payroll software on an excel copy of the Employers Annual return, the P35. An excel copy in the same format as the inland revenue form which can be simply printed out enabling the payroll figures to then be entered and filed online for employers to both avoid late penalties and receive the online tax free bonus available.
The DIY Accounting Payroll Software is easily integrated into the DIY Accounting Software solutions for both self employed and limited companies when the payroll software files are saved in the same folder as the accounting files providing a complete accountancy solution for clients.
Payroll Software Weaknesses
The DIY Accounting payroll system does not deal with income tax K codes. The income tax code K is used infrequently being applicable to those employees whose taxable expenses exceed the income tax allowance and is often never seen by most employers.
The calculation of statutory payments such as statutory sick pay and maternity leave are inserted manually by employers. A small price to pay since the statutory payments are not frequent and easily looked up on the employers CD-Rom as required.
The quoted package sizes of 5 employees, 10 employees and 20 employees include all employees during the year including new starters and leavers and it is important then to obtain a package likely to be in excess of the total number of expected employees to avoid changing the payroll solution during the financial year.
Pricing
At £14.99 the small business payroll software for up to 5 employees including starters and leavers is almost a giveaway price with many competitive products priced much higher. The 10 employee payroll version is £19.99 and the 20 employee payroll version just £24.99. Considering the paye administrative work the payroll systems save. The packages are not upgraded each year with employers purchasing the new package each financial year.
Conclusion
Exceptionally good value, the payroll system is very quick and easy to use and produces exactly what every employer requires from a small business payroll solution. Accurate income tax and national insurance contribution calculations, significant reduction in paye administration time, regular payslips for each employee, compliance with paye administrative requirements and the satisfaction and valuable tax free bonus prize of producing the payroll on time.
Terry Cartwright is a qualified accountant in the UK designs Payroll Software solutions for small to medium sized business that automates the calculation of Income Tax and National Insurance contributions producing a complete Payroll solution for 1 to 20 employees.
Article Source: http://www.earticlesonline.com/Article/Product-Review-UK-Paye-and-Payroll-Software/236239
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DescriptionQuickBooks Basic Payroll 2012 The #1 payroll system trusted by over one million small businesses* Paychecks in 3 Easy Steps Just enter hours QuickBooks Basic Payroll calculates your paychecks Print paychecks instantly, or use our Direct Deposit (additional fees apply) Additional features & benefits Integration with QuickBooks-no double entry Track job costs within QuickBooks Generate reports and work with your accountant on payroll tax payments & filings For payroll tax forms, payments and filings, choose QuickBooks Enhanced Payroll instead Free support from payroll experts (phone, chat or online)¹ Pay up to 3 employees; to add more simply select "4 or more" employees when activating your software (additional annual fees apply) Requires Internet access and QuickBooks Pro, Premier or Enterprise Solutions² * Based on aggregate customer count for Intuit Payroll Services as of March 31, 2011 1 Available Monday through Friday, 6 AM to 6 PM Pacific time 2 Requires an annual payroll subscription, Internet access, Federal Employer Identification Number (FEIN) and QuickBooks Simple Start, Pro or Premier 2009 or newer, or Enterprise 9... |
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Acroprint 39-0129-000 Ink Ribbon for Es1000 Electronic Totalizing Payroll Recorder, Red/Black
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DescriptionKeeping a replacement ribbon on hand can save you time. Be sure to get a replacement ribbon for Acroprint® Electronic Totalizing Payroll Recorder Model ES1000. Red/black ink. |
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Acroprint® ES1000 Totalizing Digital Automatic Payroll Recorder/Time Clock, Blue and Silver
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Wasp WaspTime Employee Time Cards - 50 Pack (633808551063) $171.99 The WaspTime Employee Time Cards from WASP® is proximity card. Using Wasp Time and Attendance system Employee Time Cards will increase payroll accuracy, decrease employee time errors and help improve company profitability. |
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QuickBooks Payroll Enhanced 2012 - Windows $229.99 Your business is up and running, the clients are rolling in and your employees still need to be paid. QuickBooks Payroll Enhanced 2012 provides a fast, easy and accurate way to process payroll in-house. You input the data right in your QuickBooks software, so there is no double entry and hardly anything new to learn. Pay up to three employees and easily add more for an additional annual fee with this easy-to-use software. QuickBooks Payroll Enhanced 2012 lets you create and print paychecks in three easy steps, from entering employee hours in QuickBooks, to reviewing and approving payroll to printing the checks or using direct deposit. With Payroll Enhanced, you'll also benefit from automatically calculated earnings, taxes and deductions to help avoid common math mistakes. Payroll Enhanced also automatically fills in your federal and state payroll tax forms for easy filing. Payroll specialists ensure payroll tax rates are accurate and up-to-date to generate the most accurate tax information. If you need help, free live phone, chat or online support from payroll experts helps you get back on track. QuickBooks Payroll Enhanced 2012 helps you to avoid wasting time and resources on your payroll and taxes. |
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Wasp WaspTime Employee Time Card - 50 Pack (633808550738) $171.99 The WaspTime Employee Time Cards from WASP® is proximity card and sequence starts from 1-50 nos. Using Wasp Time and Attendance system Employee Time Cards will increase payroll accuracy, decrease employee time errors and help improve company profitability. |
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Wasp WaspTime Employee Time Cards - 50 Pack (633808550769) $176.99 The WaspTime Employee Time Cards from WASP® is proximity card. It a pack of 50 cards and the sequence starts from 151-200 nos. Using Wasp Time and Attendance system Employee Time Cards will increase payroll accuracy, decrease employee time errors and help improve company profitability. |
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Wasp WaspTime Employee Time Cards - 50 Pack (633808551056) $171.99 The WaspTime Employee Time Cards from WASP® is proximity card. It a pack of 50 cards and the sequence starts from 301-350 nos. Using Wasp Time and Attendance system Employee Time Cards will increase payroll accuracy, decrease employee time errors and help improve company profitability. |
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Wasp WaspTime Employee Time Cards Sequence 101-150 - 50 Packs (633808550752) $176.99 The WaspTime Employee Time Cards from WASP® is proximity card with a pack of 50 cards and the sequence starts from 101-150 nos. Plus, the Wasp Time and Attendance system Employee Time Cards will increase payroll accuracy, decrease employee time errors and help improve company profitability. |
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Wasp WaspTime Employee Time Cards - 50 Pack (633808550745) $137.26 The WaspTime Employee Time Cards from WASP® is proximity card. It a pack of 50 cards and the sequence starts from 51-100 nos. Using Wasp Time and Attendance system Employee Time Cards will increase payroll accuracy, decrease employee time errors and help improve company profitability. |
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Wasp WaspTime Employee Time Cards - 50 Packs (633808551049) $176.99 The WaspTime Employee Time Cards from WASP® is proximity card and the sequence starts from 251-300. Using Wasp Time and Attendance system Employee Time Cards will increase payroll accuracy, decrease employee time errors and help improve company profitability. |
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Wasp WaspTime Employee Time Cards Sequence 201-250 - 50 Packs (633808550776) $176.99 The WaspTime Employee Time Cards from WASP® is proximity card with a pack of 50 cards and the sequence starts from 201-250 nos. Plus, the Wasp Time and Attendance system Employee Time Cards will increase payroll accuracy, decrease employee time errors and help improve company profitability. |
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Acroprint Time Recorder Time Recorder 390129000 Ink Ribbon for ES1000 Electronic Totalizing Payroll Recorder, Red/Black. Each $16.56 Manufacturer: Acroprint Time Recorder. Each. ES1000 Electronic Totalizing Payroll Recorder, Ribbon An affordable solution that totals employee hours worked. Automatically calculates time between punches and totals time in hours and minutes. Handles up to |
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Acroprint Time Recorder Time Recorder 010236000 Electric Payroll Recorder,Table/Desktop Mount. Each $115.34 Manufacturer: Acroprint Time Recorder. Each. Electric payroll recorder is ideal for payroll, employee attendance and job costing. Prints day, hours and minute on documents. Sets up in minutes, simply plug in and set time. Pre-inked ribbon is ready for pri |
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Wasp Time Employee Time Cards Seq 1-50 - RF Proximity Card (pack Of 50). Each $152.04 Manufacturer: Wasp Technologies. Each. Using Wasp Time And Attendance system Employee Time Cards will increase payroll accuracy, decrease employee time errors and help improve company profitability. Product Description Wasp WaspTime Employee Time Cards S |
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Acroprint Time Recorder Time Cards For ES1000 Electronic Totalizing Payroll Recorder. Pack of 100 Cards $13.22 Manufacturer: Acroprint Time Recorder. Pack of 100 Cards. Numbered for easier recordkeeping. Employee signature line for verification of time worked. Customers also search for: ACROPRINT;Electronic Totalizing Payroll Recorder;ES1000;Time Cards;Time Clock, |
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Acroprint Time Recorder Time Recorder 39-0129-000 Ink Ribbon for ES1000 Electronic Totalizing Payroll Recorder, Red/Black. Each $17.04 Manufacturer: Acroprint Time Recorder. Each. ES1000 Totalizing Payroll Recorder, Ribbon An affordable solution that totals employee hours worked. Automatically calculates time between punches and totals time in hours and minutes. Handles up to 100 employe |
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Wasp Time Employee Time Cards Seq 51-100 - RF Proximity Card (pack Of 50). Each $152.04 Manufacturer: Wasp Technologies. Each. A Wasp time and attendance system will increase payroll accuracy, decrease employee time errors and help improve company profitability. Product Description Wasp WaspTime Employee Time Cards Seq 51-100 - RF proximity |
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TOPS Time Cards with Numbered Days, Full Payroll, 100/Pack, 3-1/2"x10-1/2". Pack of 100 $5.46 Manufacturer: TOPS. Pack of 100 . Weekly time cards feature a seven-day time period to record regular time and overtime as well as employee signature line to verify, numbered days and full payroll calculations. Made of extra-heavy 150 lb. manila stock pri |
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Acroprint Time Recorder Time Recorder ES1000 Electronic Totalizing Payroll Recorder, 7w x 5 1/4d x 9 1/4h. Each $469.84 Manufacturer: Acroprint Time Recorder. Each. ES1000 Totalizing Payroll Recorder, Ribbon An affordable solution that totals employee hours worked. Automatically calculates time between punches and totals time in hours and minutes. Handles up to 100 employe |
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TOPS Weekly Employee Time Card, 4 1/4 x 6 3/4, 100 Cards per Pack. Pack of 100 $8.56 Manufacturer: TOPS. Pack of 100. Weekly Employee Time Card For manual time records Columns for day, job description, hours, rate, amount, payroll deductions and earnings. Days of week not printed. 100 Cards per Pack 4-1/4 x 6-3/4 Customers also search fo |
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Wasp WaspTime Upgrade - 50 Additional Employee Licenses (633808550066) $106.99 WaspTime is a complete hardware and software solution that automatically tracks employee time eliminating errors, debate and the laborious process associated with a manual or paper system. Targeted at businesses with up to 100 employees (can support up to 250 employees), WaspTime uses employee badges and electronic time clocks to capture and record employee arrival, breaks, lunch and departure times tracking accurately all hourly and even salaried employees. With WaspTime, businesses can save 1-4% of their annual payroll expense through accurate time recording and the reduction of payroll processing time and errors. |
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AME Payroll - Windows $99.99 When it comes to managing accounts, interacting with clients, maintaining records and developing your company's next big projects, you barely have a minute to spare. Ensure your small business stays on top of payroll and organized for tax time with the simple-to-use tools of AME Payroll. Avoid hiring a payroll specialist and save time doing it yourself with this one-stop accounting solution for up to six companies with up to 20 employees. AME Payroll keeps all of the necessary payroll checks, forms and reports at your fingertips and ready to print. Stay organized and ahead of the curve with standard and customizable reports, including a payroll journal and check register. Ensure tax time goes as smooth as possible by printing your W2 and 1099/1098 forms and filling in and printing federal and state reports in generic format. With the ability to automatically calculate earnings, federal and state payroll taxes and deductions, AME Payroll streamlines your payroll process so you can get back to what is most important: your business. |
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