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Payroll Processing Setup

The set-up of a payroll process within a business is a detailed task that requires solid mathematical and problem solving skills. Employers must confirm that employees’ paychecks are precise and error-free so that everyone within the company can understand the payroll processing system.

LehmanBrown personnel are knowledgeable and resourceful in payroll processing and can efficiently improve a simplified payroll system, which requires the documentation of critical payroll information.

Monthly Payroll Processing

Strong accounting is essential for all companies, and is an especially important factor for the financing of employees. Ensuring that your employees are paid on time and correctly is a mandatory business requirement and working with LehmanBrown will ensure this process is dealt with swiftly and efficiently.

Payroll Processing Setup

The manner in which payroll is processed has changed over the years. Most companies today use computer-based systems or outsource their payroll processing. For a small to medium sized company (SME), manual processing may still be an option, although there are numerous cost effective ways to run it electronically. We at LehmanBrown can help manage this issue no matter your size with our effective and time-tested practices.

In order to set up a payroll the following key information is required:

  • Currency of the company
  • Employee information (e.g. name, address, ID, social insurance, remuneration, working conditions, etc.)
  • Documentation required for new employees (e.g. a written labour contract)

Payroll Process

  1. Make any changes to an employee’s file
  2. Set the pay period
  3. Enter manual payments and the time worked
  4. Calculate termination pay and alter any deductions
  5. Review the reports for any errors and make the corrections
  6. Issue and process the payments to employees
  7. Deposit taxes and verify their transmission to the government bureau
  8. Back up and investigate the data

How can LehmanBrown Help?

LehmanBrown can ensure that your company’s payroll is accurate and well-timed. Processing the payroll can produce errors, which calls for a detailed procedure that we are able to complete to guarantee that payroll is handled consistently and compliantly.

For more information on LehmanBrown’s Payroll Processing Setup, please contact us at enquiries@lehmanbrown.com