Payroll Accounting

Outsourcing your payroll accounting to PayrollRx is more cost-effective and user friendly than any other solution

Federal, state and local laws dictate that reporting and payment of all payroll taxes are the employer’s responsibility. Accuracy and timeliness are vital, so the methodology the employer uses for payroll is an essential business decision. Reliable software is available to employers to ensure accurate calculations, but the business must still see that deposits are made on time. An employer can calculate the payroll himself, it can be done by an accountant, or an outside service can be utilized.

Outsourcing your payroll service to PayrollRx is the logical way to make certain that all calculations are correct, and that all deposits and form filings are made on a timely basis. In fact, we guarantee it, thus relieving you of accounting concerns and liabilities for penalties and interest. Our outsourcing solutions meet the complex payroll needs of organizations from 1 to 250 employees by offering the control of an in-house system enhanced with the benefits of outsourcing. Our payroll service handles all aspects of payroll accounting and management and allows both employer and employee to track information online.

The best solution effectively combines superior technology with local service and support to meet the varied needs of today’s organizations. Leveraging a unique PC-based solution, our payroll products are available for real-time review at the client’s location. Best of all, you get big-company results at a better cost and with personalized customer service.

As our customers have instant access to payroll data on their PCs, they have the flexibility to respond to employee inquiries, analyze their payroll data and generate customized reports quickly. As a note, if the company has more than two employees, it is necessary to set up a payroll system involving a payroll Journal, in which payroll is recorded, and a payroll Disbursements Journal, in which the actual payments to the employees are detailed.

The payroll Journal is comprised of the employee’s pertinent information, such as name, gross pay, hours worked, Social Security number, federal and state tax exemptions and withholding, address, phone, birth date and any other data the government requires the company to maintain.

The payroll Disbursements Journal includes similar information, as well as disbursement details. The transactions in these journals are periodically summarized into a payroll Ledger. This lets the employer and the taxing and other government authorities easily review the pay record and status of each employee as the need arises. Payroll withholdings, tax and other payments, and the necessary form filings involve numerous details.

Payroll accounting is perhaps one of the most important of all accounting functions. At PayrollRx, our full service payroll solutions employ sophisticated programs and personal expertise, to assure that your payroll accounting needs are met. We are based in Metairie, (New Orleans) Louisiana, which allows us to provide our customers big company payroll services at a lower cost, with the benefit of local service and support. PayrollRx is strong medicine for your payroll headaches.