However, the main components of a payroll system remain the same. There are many options for paperless payroll systems, all of which offer different features and capabilities. (Read our review of payroll provider Paychex for more information.) “Paperless payroll is a term that describes how an entire payroll can be processed without generating any paper,” said Eric Wade, product manager and product owner for payroll system provider Paychex. They can even help you save on printing and postage costs.Īs companies increasingly embrace emerging digital trends, converting your existing payroll to a paperless system will keep your business ahead of the curve. With online payroll programs, instead of printing out payroll reports, paying employees with paper checks, and recording time and attendance on a printed timesheet, you can handle these tasks electronically – which can save you time and effort. Thanks to the availability of multiple online payroll services, your payroll processes can be paperless and (almost) painless. Payroll used to mean hours of tedious, painstaking work for your small business, while storing mountains of papers and data.

This article is for business owners who want to reap the benefits of paperless payroll and start using a paperless payroll system.You can choose from multiple services, but do your research to ensure you comply with local laws concerning how employees are paid and how payroll records are kept.Businesses save between $2.87 and $3.15 per pay run by paying employees electronically.Paperless payroll systems offer a cost-effective and environmentally friendly way to simplify your business.

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