Find Authentic Singapore Payroll Services for Small Businesses

If you bungled even a single payday, it can create a lasting negative impression about the company in the minds of employees, suppliers and creditors. Payroll services in Singapore, like SBS Consulting, try to avoid this type of thing happening to you by calculating and generating accurate paychecks for your employees on payday. Small, mid-level and big businesses in Singapore are following the trend of outsourcing their payroll management to competent third-party service providers.

Get Rid of your Payroll Processing

Though Singapore payroll management is considered as a non-core activity for a business, it is very important for the healthy business atmosphere at the workplace. In compliance of Employment act of Singapore, it is the responsibility of employers to pay their employees within the 7 days following the end of salary period. Therefore, there is even more reason for finding an efficient Singapore payroll service to outsource your task to.

Singapore Payroll Processing 

Singapore payroll processing, though it is a time-consuming task, is highly crucial for the employees. Proper execution of this process is very essential for the accurate calculation of amount of salary, recording of leaves taken (paid, unpaid), bonus, incentives, overtime, deductions, transfer of statutory contribution, etc. It also involves generation of electronic and hard copy of the pay slip for each employee. The HR and Finance departments of a company get tide-up in this task and lose their focus on the core tasks of the company.

Need of Outsourcing to Payroll Services Singapore

To survive in a highly competitive market environment, companies are bringing changes in the way they are functioning. To survive, they need to focus their attention on the core activities of their business. That is why, they are trying to outsource as many of their non-core business activities as possible. Hiring payroll services Singapore for processing their payroll, relives them of this tiresome task.

Singapore payroll services use state-of-the-art payroll software to record, process, and store payroll related data. This really works for small and medium enterprises. A very few of them have money to spare for the hardware, software and for the data-entry operators.

 Payroll Services in Singapore are Beneficial for Small Businesses

Small business owners like, sole proprietors or partners are more than happy to hand over their payroll to the executives employed by the professional payroll services in Singapore. It is also, very hard for these individuals to update themselves with the latest changes in the rules related to payroll. They hardly have time do it.

Mid-level firms that cannot afford to setup a dedicated system to handle their payroll processing, also find it beneficial to outsource it to Singapore payroll services.

These firms are making their services available through web-based applications. Some of them are offering to process their client’s data using Cloud Computing. With this new approach, it is easy to access data on the cloud at any time of the day or night using internet. 

SBS Consulting is a well-known payroll services in Singapore. It also offers other scalable business services such as, auditing, accounting, taxation, immigration, etc to its Singapore clients.