The average entrepreneur spends 68.1% of their time working “in” the business. The remaining 31.9% then goes to time working “on” the business.
The difference between the two is day-to-day tasks and long-term growth.
Do you want to spend less time on the day-to-day and work towards bigger and better things?
A great place to start it with online payroll software. Here are seven ways payroll can improve your business.
1. It Will Save You Time
Is saving time is what hooked you into this article? Time is money, after all.
Using a payroll generator saves you time as opposed to doing it by hand. Plus, you can avoid time spent looking for lost physical payroll documents you’re working on by doing it all online.
2. It Will Save You Money
Save time and money? Seems like a no-brainer.
Rather than outsourcing your payroll to other physical companies, use a generator online. Or, if you’re considering buying a payroll software — don’t. You can skip that investment completely by using a generator that already exists.
You can find websites like PaystubCreator.net that don’t require additional software and don’t have extra hidden fees.
3. You’ll Stress Less
Generators are straight-forward, simple, and streamlined. You plug in the information and click a few buttons.
You can shed the stress of completing payroll on time because it won’t take you very long online. And don’t sweat about making errors — it’s much less likely when using a payroll generator.
4. It Will Make Record Keeping Easier
Most programs provide you with a downloadable record. Or, if you’d like, you can print it.
If you decide to keep it on your computer, make sure to have a backup on an external hard drive or cloud storage. You don’t want something to happen to your computer, causing you a complete meltdown.
5. Online Payroll Software is a Step Towards Going Paperless
Yes, we mentioned printing in the previous paragraph. We didn’t really mean it, as using paper for everything is quickly becoming archaic in the digital age.
Plus, if we keep using paper at the rate we are (as a society), every rainforest on earth will be gone within 100 years.
It’s essential that we make every effort we can to conduct business in an environmentally-friendly way for ourselves and for the future.
6. Access it Any time
All you need is the internet. You can work on payroll anytime, anywhere.
Wherever you choose to complete it, you don’t have to worry about security. Most payroll software has high security to protect the information, but double check to be sure.
7. There’s Less Room for Error
Doing things by hand increase the potential of human error. This is bad news, as it can lead to an incorrect payment or tax issues later down the road.
When you use programs, it’s more organized. Many of them highlight incongruencies, too.
Make the Day-to-day Easier
Try out an online payroll software. Find one that’s secure, cheap, and easy.
Once you do, you’ll have more time to focus “on” your business and achieve bigger things.
In the meantime, read more articles about how to make your business more efficient.