life without a payroll system
Businesses with tight budgets might not be able to afford payroll software services or outsourcing. That’s why many still do payroll manually. Here is a quick summary of life without a payroll system.
Humans are great at many things, but tedious and repetitive tasks are not one of them. On average, the time taken to do payroll takes approximately 3 to 4 hours. And making mistakes could be costly. For example, in 2011, the government expects to collect RM97bil in taxes from an original estimate of RM91bil. That’s an extra 6.8%! From clock-in times to taxes, it’s easy to overlook the tiny details and incur a nasty fine.
Doing payroll can be scary at times, and there’s no one to hold your hand. Softwares like UBS Payroll are designed to be simple and easy to use. Most of the time, even Google can’t solve your problem because it’s too specific. If you’re using UBS products, you can check out our FAQ Portal, which is basically an ecosystem that supports our customers through various methods.
It’s easy to lose track of what you’re doing when balancing between work and payroll. By trying to cut cost by doing payroll manually, a penalty for a missing document might just ruin the whole idea. On top of the more mistake you make, the higher the risk for you to lose everything.
UBS Payroll is a great solution for a very affordable price, whether your business is small or large, we’ve got you covered.