Payroll Outsourcing Services
We know that managing payroll has become challenging and time-consuming. It can be a huge burden on many internal finance teams, and hiring dedicated payroll specialists can be prohibitively expensive for many small to medium-sized companies.
Truetally’s Australian-based payroll team brings extensive experience, a strong focus on compliance, and award-winning technology to deliver operational efficiencies for a variety of businesses and enhance the employee experience.
Payroll Services: An Overview
Managing employee payments, keeping accurate records, and complying with all employment laws are the core responsibilities of payroll services. A payroll system handles payroll processing, tax withholding, retirement contributions, and employee leave tracking, while ensuring timely reports are sent to executives.
Payroll services are typically offered in two main forms:
Inhouse Payroll: Companies manage payroll internally, using their HR team or accounting software designed for payroll management.
Outsourced Payroll: Outsourcing payroll involves entrusting a third party to manage the entire payroll process for a business.
Outsourcing is particularly useful in Australia due to the complex wage regulations, the need to comply with Fair Work, and the need for real-time reporting to the ATO via STP.
Payroll services cover a variety of essential functions:
- Calculating employee salaries and required deductions
- Running weekly, fortnightly or monthly pay cycles
- Issuing payslips and maintaining payment records
- Preparing and submitting STP reports to the ATO
- Managing superannuation contributions to ensure financial stability
- Managing the income statement section of the pay summary
- Understanding and enforcing awards and enterprise agreements
- Complying with all regulations under Fair Work and the NES (National Employment Standards)
The main goal of payroll services, whether managed internally or outsourced, is to ensure that every employee is paid accurately and on time while fully complying with Australian workplace laws.
Australia Payroll Services
We provide payroll outsourcing services in Australia, managed by a dedicated team of certified experts with local knowledge. Our skilled payroll experts help you understand Australia’s ever-evolving payroll compliance regulations. This ensures your business runs smoothly while remaining fully compliant.
We can help with:
Payroll Preparation And Payment
- Payroll and Termination Calculations
- Leave Management
- Payroll Distribution
- Year-End Reporting
Enrollment And Reporting
- Employee Onboarding
- Payroll, Payroll Tax and Superannuation
- Workers Compensation Insurance
- General Ledger and Customised Reports
Compliance And Legal
- Single Touch Payroll
- Superstream Compliance
- Monitoring Awards and Agreements
- Managing Legal Payroll Updates
Online Portals And Mobile Apps
- Rostering
- Time and Attendance
- Tracking
- HRIS Tools
- Employee Self-Service
Payroll Benefits
Outsourcing your payroll to us offers numerous benefits that can greatly benefit your business.
Time Efficiency
Managing payroll internally can be time-consuming, taking your team away from core business functions. By outsourcing payroll, you and your staff can focus on your core business and improve overall productivity.
Reduced Risk of Errors
Manual payroll can easily lead to errors, which can frustrate employees or create legal issues. Our skilled professionals use advanced systems and proven processes to minimize errors and ensure accuracy.
Enhanced Security
Payroll contains sensitive information, and we prioritize keeping it secure. We implement robust security measures to protect your data from breaches or unauthorized access.
Cost-Effectiveness
Combining payroll with bookkeeping services helps reduce hidden costs like software licenses and training. It also reduces the chance of compliance errors, allowing your business to use resources more wisely.
Scalability
As your business expands, so does the demand for payroll. Our services are designed to scale with your business, no matter how big your team becomes, so operations can run smoothly.
Compliance And Accuracy
Keeping up with changes in award rates, PAYG cash and superannuation regulations can be difficult. Our experts stay up to date on these changes and manage payroll accurately, keeping your business fully compliant.
Why Should You Choose Truetally?
With Truetally, you get real-time support and clear reporting, helping you save time and reduce errors. We use advanced tools to automate processes, so you can focus on growing your business. Choosing Truetally means choosing reliability, efficiency and peace of mind for all your payroll needs.