What Expertise Do You Need to Run Your Payroll?
Australian Payroll Awards still include Penalties, Overtime, Bonuses, and Allowances based on mileage and engine capacity and Rates calculated on the time of day worked, the State you work in etc. Even terminating a single employee can take a competent payroll operator up to 1 hour to prepare.
These complexities require careful data entry to ensure that employee entitlements are correct. Mistakes can mean crippling fines and disgruntled staff.
This is why until recently, medium to large organisations require competent staff that are trained in looking up and interpreting the specific rules of each Industry Award.
Now the good news…
Axsapt’s clients typically take less than 30 minutes each week to process their payroll
Complex terminations take only 5 minutes and even McDonald’s Stores with around 500 employees on over 30 awards and hundreds of rates and penalties each week, take only up to of 2 hours per week. Oh and the Payroll Officer for a McDonald’s store is usually the Licensee’s wife!
Not all payroll systems are capable of achieving this type of intelligent processing. Most payroll systems require the operator to still understand Awards and interpret the time worked into rates and penalties. At Axsapt, we have selected a number of powerful solutions that once setup correctly, the operator need only import or type in starting and ending times for each employee and the pay slip is correctly interpreted and prepared.
Is Your Payroll Not Talking to your Accounting System?
Axsapt Director, James Kilby is discussing how integrating your Payroll System to your Accounting System will make your system more efficient: