Payroll
The easiest way to manage payroll
Introducing KashFlow Payroll
Every business knows that its employees are important. These are the people who not only provide your products and services but also represent your vision for the company and it’s on their shoulders that the success of the company rests.
With this in mind, businesses have to look after their employees, regardless of whether they have one person on the books or employ thousands of staff. One of the most important parts of this is getting your payroll in order.
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Doing this requires a payroll system that can:
Ensure all employees are paid in full and on time every month
Work out tax and National Insurance calculations
Make calculations for student loans, sick pay, maternity and paternity pay can also be made as and when needed
Issue payslips as well as P45, P60 and any other forms required by employees
That might seem daunting but that needn’t be the case with the right payroll software. Kashflow’s cloud-based payroll software is accredited with HMRC and delivers on all of the above payroll needs. Our software provides the following benefits:
Company Management
Manage unlimited companies and employees, all in one place. Simplify the complexity of running payroll for multiple companies while only paying for exactly what you use.
Employee Management
KashFlow Payroll takes care of Statutory Sick (SSP), Maternity (SMP) and Paternity pay (OSPP) as well as Student Loans, Attachment of Earnings Orders and many more. Keep your employee records compliant and secure on the cloud.
Automatic Enrolment
All businesses need to keep up to date with the latest workplace pension Automatic Enrolment legislation. Kashflow’s payroll software ensures that you can:
- Automatically assess your employees
- Enrolled them into a qualifying scheme when required
- Calculate the employee and employer contributions
- Automatically generate the right communication to your employees
- Create the required output files for those using NEST, NOW:Pensions and The People’s Pension
You can find out more about Auto Enrolment with our guide.
Payroll Functions
Our software lets you pay your employees when you want, where you want. You can choose to make weekly or monthly payments – or opt for a mix of both. On top of that, you can edit your employees’ payslips on the move thanks to the access of the cloud. As you do so, Kashflow’s software updates your payroll run and automatically submits your Real Time Information (RTI) submissions of things such as your P60s or P11D forms when you’re done.
Payslips
Creating payslips doesn’t have to take up too much of your time. Kashflow’s software sends payslips automatically to employees’ email address, giving them the chance to log-in and access their current and old payslips.
Reporting
Creating and sending personalised reports is easy with our software. These reports can give you a summary of your incomings and outgoings which can then be exported as a PDF or as an Excel spreadsheet. All of this gives you a vital overview of your finances and helps you to stay ahead of your payments and expenses. The reporting function also helps you to obtain P45s for leavers and P60s for your end of year reporting.
KashFlow Integration
It’s important that all of your software is singing from from the same hymn sheet, that way everything can run smoothly and you can get on with the important business of making some more money. That’s why Kashflow’s payroll software integrates directly with our accounting software, posting your wage costs directly into your cloud-based bookkeeping account.
To learn more on how integrated bookkeeping and payroll can benefit your business download your free 8-page guide ‘5 reasons why you need integrated bookkeeping and payroll’.