What is Payroll software?
Payroll software is a digital business solution designed to simplify the process of paying employees. KashFlow is cloud-based payroll software which has all the same features as payroll software with the added bonus of it being hosted online.
Using cloud payroll software for a small business has a number of advantages. It can cut down your workload by automatically producing payslips, P45s, P60s and other forms.
It also reduces the room for error by automatically deducting tax and National Insurance Contributions for you and sending tax returns. Further to this, you can automate tasks like year-end reporting anytime, anywhere.
With payroll software, you can schedule recurring payments, either weekly or monthly, to help get your employees paid on time. As KashFlow Payroll supports a wide range of BACS file formats that you can download and feed in to your banking software, you can pay employees automatically too.