Close Menu
TechCentralTechCentral

    Subscribe to the newsletter

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    Facebook X (Twitter) YouTube LinkedIn
    WhatsApp Facebook X (Twitter) LinkedIn YouTube
    TechCentralTechCentral
    • News

      Sita hits back at critics, promises faster, automated procurement

      20 June 2025

      The transatlantic race to create the first television

      20 June 2025

      Listed: All the MVNOs in South Africa – 2025 edition

      19 June 2025

      TCS | Tech, townships and tenacity: Spar’s plan to win with Spar2U

      19 June 2025

      WhatsApp founders hated ads – Meta is adding them anyway

      19 June 2025
    • World

      Watch | Starship rocket explodes in setback to Musk’s Mars mission

      19 June 2025

      Trump Mobile dials into politics, profit and patriarchy

      17 June 2025

      Samsung plots health data hub to link users and doctors in real time

      17 June 2025

      Beijing’s chip champions blacklisted by Taiwan

      16 June 2025

      China is behind in AI chips – but for how much longer?

      13 June 2025
    • In-depth

      Meta bets $72-billion on AI – and investors love it

      17 June 2025

      MultiChoice may unbundle SuperSport from DStv

      12 June 2025

      Grok promised bias-free chat. Then came the edits

      2 June 2025

      Digital fortress: We go inside JB5, Teraco’s giant new AI-ready data centre

      30 May 2025

      Sam Altman and Jony Ive’s big bet to out-Apple Apple

      22 May 2025
    • TCS

      TCS+ | AfriGIS’s Helen Hulett on how tech can help resolve South Africa’s water crisis

      18 June 2025

      TechCentral Nexus S0E2: South Africa’s digital battlefield

      16 June 2025

      TechCentral Nexus S0E1: Starlink, BEE and a new leader at Vodacom

      8 June 2025

      TCS+ | The future of mobile money, with MTN’s Kagiso Mothibi

      6 June 2025

      TCS+ | AI is more than hype: Workday execs unpack real human impact

      4 June 2025
    • Opinion

      South Africa pioneered drone laws a decade ago – now it must catch up

      17 June 2025

      AI and the future of ICT distribution

      16 June 2025

      Singapore soared – why can’t we? Lessons South Africa refuses to learn

      13 June 2025

      Beyond the box: why IT distribution depends on real partnerships

      2 June 2025

      South Africa’s next crisis? Being offline in an AI-driven world

      2 June 2025
    • Company Hubs
      • Africa Data Centres
      • AfriGIS
      • Altron Digital Business
      • Altron Document Solutions
      • Altron Group
      • Arctic Wolf
      • AvertITD
      • Braintree
      • CallMiner
      • CYBER1 Solutions
      • Digicloud Africa
      • Digimune
      • Domains.co.za
      • ESET
      • Euphoria Telecom
      • Incredible Business
      • iONLINE
      • Iris Network Systems
      • LSD Open
      • NEC XON
      • Network Platforms
      • Next DLP
      • Ovations
      • Paracon
      • Paratus
      • Q-KON
      • SevenC
      • SkyWire
      • Solid8 Technologies
      • Telit Cinterion
      • Tenable
      • Vertiv
      • Videri Digital
      • Wipro
      • Workday
    • Sections
      • AI and machine learning
      • Banking
      • Broadcasting and Media
      • Cloud services
      • Contact centres and CX
      • Cryptocurrencies
      • Education and skills
      • Electronics and hardware
      • Energy and sustainability
      • Enterprise software
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Lifestyle
      • Motoring
      • Public sector
      • Retail and e-commerce
      • Science
      • SMEs and start-ups
      • Social media
      • Talent and leadership
      • Telecoms
    • Events
    • Advertise
    TechCentralTechCentral
    Home » Company News » How can payroll software help small businesses?

    How can payroll software help small businesses?

    Promoted | There are many ways in which a payroll software system can simplify and improve your payroll process.
    By PaySpace22 November 2022
    Twitter LinkedIn Facebook WhatsApp Email Telegram Copy Link
    News Alerts
    WhatsApp

    Whether your business is big or small, payroll is a complicated process. There are many legalities to consider and, if one is not careful, a multitude of mistakes can occur that could negatively affect your business.

    So, how can payroll software help small businesses?

    It turns out there are many ways in which a payroll software system can simplify and improve your payroll process, ensuring that you or your payroll administrator never make a mistake.

    Why is payroll important for small businesses?

    Payroll is the process of paying your employees. However, it consists of more than just depositing a sum of money into their bank account. A payroll process also requires the deduction of employee tax, the calculation of hours worked, whether any overtime pay is required, the allocation of leave, and a host of other deductions and benefits owed to an employee. If this is not done correctly and is not in compliance with the tax laws and employment regulations of a country, it could have negative repercussions.

    What is payroll software?

    Payroll software allows for the automation of the payroll process. Therefore, tasks such as monthly calculations that were once performed manually can now be performed automatically. Depending on the type of payroll software, it will be based on-premises or be cloud-native. It is advisable to make use of a payroll software system as soon as you hire employees, no matter the size of your business.

    Payroll software is advantageous to small business owners as it allows them to streamline their payroll process. Therefore, the task of monthly payroll becomes more efficient. Payroll software is also typically quite cost-effective as its monthly costs are low while allowing for payroll administrators to focus their time and efforts on other important tasks that they previously might not have had time for. There are also certain features of payroll software, such as error-free calculations, that ensure the increased accuracy of payroll.

    Five essential advantages of payroll software for small businesses

    There are a few key features and advantages that a comprehensive payroll software system can offer small businesses that will allow them to save money, reach a higher level of efficiency and increase their payroll accuracy.

    • Tax filing: Calculating and processing taxes can be time-consuming and stressful. A payroll software system should be able to calculate, process and pre-file your business’s taxes for you. This will remove the manual component and any chance of human error that might come along with this.
    • Compliance: A comprehensive payroll software system should automatically update any legislative changes that occur and affect your payroll. This will ensure that your payroll process is always compliant with the latest legislation.
    • Payroll processing: Leave, fringe benefits and salary deductions can become complicated, and small errors could occur due to human error when this process is performed manually. A payroll software system will be able to make these calculations automatically. Therefore, the right amount of leave and the correct salary will always be paid to the correct individuals.
    • Remote access: If you opt for an online payroll software system (which is advisable) then you will be able to access this system from anywhere, at any time, provided you have access to a stable Internet connection. This is fantastic for small businesses that employ staff remotely.
    • Employee self-service: A payroll software system should allow for employee self-service. This feature allows employees to access pay slips and any other relevant information they might require. Each employee will be granted limited access to relevant information, and they will be able to access this system from anywhere that allows for a stable Internet connection.

    A comprehensive online payroll software system

    One of the payroll software systems that offers these and more features is PaySpace. As a cloud-native, online payroll software system, PaySpace can provide data security, remote access, convenience and accuracy. It has a variety of packages to suit your business’s size and needs. There is also no official training required to operate this system, making it easy for a payroll administrator to use from day one.

    Running a business is already challenging enough, which is why it is a good idea to uncomplicate and streamline all the processes that one possibly can.

    About PaySpace
    Established in 2000, PaySpace is the leader in cloud-native payroll and human capital management software solutions providing new, improved solutions to help businesses operate in the modern era where managers and employees have access to information at the touch of a button. Find PaySpace on Facebook, Twitter, Instagram, YouTube, LinkedIn and SoundCloud.

    • This promoted content was paid for by the party concerned


    PaySpace
    Subscribe to TechCentral Subscribe to TechCentral
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email Copy Link
    Previous ArticleTC|Daily | Stephen van Coller on what’s really happening at EOH
    Next Article Software industry needs to focus on its resource pipeline
    Add A Comment

    Comments are closed.

    Company News

    Making IT happen: how Trade Link gears up to enable SA retail strategies

    20 June 2025

    Why parents choose CambriLearn for online education

    19 June 2025

    Disrupt first, ask questions later – the uncomfortable truth about incident response

    18 June 2025
    Opinion

    South Africa pioneered drone laws a decade ago – now it must catch up

    17 June 2025

    AI and the future of ICT distribution

    16 June 2025

    Singapore soared – why can’t we? Lessons South Africa refuses to learn

    13 June 2025

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2025 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.