In doing so, physical distance won’t be an impediment to sending payslips, wiring payments, and working on a company’s tax obligations. With that said, digitizing payroll is of utmost importance since many employees today are working from home due to the COVID-19 outbreak. It may sound straightforward, but the payroll process includes a lot of tasks such as calculating deductions and withholdings, producing payslips and tax forms (and other reports), processing or depositing payment directly to an employee’s bank account, voiding payments if need be, and even printing checks. Payroll software is a system that automates and streamlines the process of paying a company’s employees. This cloud-based platform can also be integrated with various third-party business systems, providing users with a streamlined and efficient accounting process. The vendor provides a full-service accounting system with top-notch payroll processing features.

The best payroll software for payroll service providers and accountants is Quickbooks Payroll.

Cost for quickbooks payroll service