A brief guide on how outsourcing your payroll works

Regardless of your business size, outsourcing your payroll is a justifiable decision. Running your own payroll is tough – especially if you are lacking a dedicated team to do it! In this article, we explain how outsourcing your payroll works and which services you can hand over to a qualified accountant.

A step-by-step to outsourcing your payroll

  1. Whittle down (and pick!) a payroll provider

Your first step is to find the right provider. Usually, payroll is outsourced to a qualified chartered accountant or accountancy firm, who is fully trained in running payroll and related activities. Qualifications aside – it is important to choose a provider that you find to be approachable, open, and available to pick up the phone when you need them. The qualities you are looking for in a provider are personal to you – so take time in assessing your needs.

  1. Supply your payroll information

Once you have chosen your provider, it’s time to hand over the information they need to access and run your accounts. This includes your employee’s PAYE information such as their rate of pay, working hours, and job title – along with details on holiday and sick pay, and if they have special provisions in place such as overtime or bonuses.

  1. Consider using a cloud-based payroll tool

Finally, you might consider signing up for a cloud-based accounting tool that covers payroll, such our cloud based portal solution at Harris Lacey & Swain. You’ll be able to access your payroll information anytime, anywhere – and the need to chase your payroll provider for updates will be vastly eliminated.

Which payroll services are outsourced?

The answer to this question is brief – any! As long as you provide your chosen accountant or accountancy firm with all the information they need to handle the service for you, you can outsource any. Knowing that a qualified chartered accountant has your payroll in hand takes a lot of pressure off you as a business owner.

Get in touch about our monthly payroll subscription

Many businesses, big and small, benefit from outsourcing their payroll. At Harris Lacey and Swain, we offer a monthly payroll subscription package that contains every service you need to fully hand over your payroll duties to our trained professionals. Kindly get in touch today for further information.