Payroll starts with correct employee data
Calculating wages is only one part of payroll. Every month you need to manage working hours, holidays, absenteeism, bonuses, hiring and firing of employees and other changes that affect the final salary.
We organize the process in such a way that the employee data is transferred by the agreed date and there is no need to collect missing information at the last minute for salary calculation.
What is usually included in payroll?
- Accounting of employee data and their changes.
- Working time information processing.
- Calculation of wages and other benefits related to employment relations.
- Accounting for vacations, absences and other absences.
- Inclusion of allowances, bonuses and other fringe benefits.
- Calculation of taxes and obligations related to labor relations.
- Preparation of required notifications and declarations.
What information must be provided each month?
In order for wages to be calculated on time, information on actual worked time, vacations, absences, supplements, business trips and other employee changes is required by the agreed date.
If an employee is hired, fired or his working conditions change, it is also important to inform about this in time.
Personnel changes must be communicated immediately
One of the most common problems in the payroll process is late information. If vacation, incapacity for work or a change in employment relationship is only known on the day of salary calculation, there is a greater chance of errors and adjustments.
A clear process between management, employees and accounting allows for more consistent payroll and reduces corrections.
Monthly control before salary calculation
Before closing the month, it is worth checking whether all employee changes, working time data, holidays, absenteeism and additional benefits have been entered.
A practical checklist can be found in the article Payroll accounting control.
How do we start payroll?
- We evaluate the number of employees and the structure of labor relations.
- We coordinate what data the company will transfer and when.
- We are reviewing current employee and salary data.
- We agree the terms of salary calculation and information submission.
Payroll is often handled together with monthly accounting. If a company is just starting to hire employees, accounting for a new company might also be useful.
Related information on payroll
Monthly control of employee data, working hours, vacations, and other changes is discussed in more detail in the article Payroll accounting control.
Payroll accounting is usually part of the overall monthly accounting process.
Frequently asked questions
Brief answers before we start working together.
01What information is required for payroll?+
Information about employees, working hours, vacations, absences, supplements, changes in employment relations and other data affecting salary is required.
02When is working time data required?+
We coordinate the term with the company in advance. It is important that all monthly data is submitted before the start of salary calculation.
03Do you handle hiring and firing?+
The scope of the service may include the administration of data and notifications related to hiring, firing and other changes in employment relationships.
04Can payroll be ordered separately?+
Yes, the scope of the service can be adjusted according to the specific needs of the company.
05What does the payroll cost depend on?+
The scope of work is mainly determined by the number of employees, the structure of labor relations, the amount of monthly changes and the complexity of additional calculations.