Payroll Management

Payroll management gives the employer all the power to create critical payroll processes, to evaluate data, to reconcile payrolls, and to handle human resource issues.

The payroll management function is vital to a company’s reputation. There are five typical methods used for calculating and reporting payroll taxes. Most small and medium sized organizations are using one of these options, with different degrees of success. Each method has advantages and disadvantages, such as:

1. A manual system, (time sheet, spreadsheet) has the advantage of full control, but it is time consuming, and requires internal resources.
2. The business’ accountant, being familiar with business’ records and accounting information, may handle this, but the accountant typically has other clients and other concerns, such as tax season, so control isn’t very efficient and the expense can be greater to the client.
3. Sophisticated payroll software is available for in-house use, but there is a software learning curve that takes company resources and slows personnel, affecting cost efficiency. These resources could be dedicated to more profitable functions.
4. “Off the shelf” payroll programs can be useful and allow all information to reside in the organization’s computer system; here again, however, there is a still a learning curve with time and resources being spent inefficiently. On-site programs are at risk of system crashes, and are heavily dependent on systematic data back-up, which can be risky.
5. Traditional, company payroll services save time, liability may be shared but, and the payroll data can be stored at the service’s site. Depending on the service, however, there may be less control, access and flexibility.

Payroll Rx, locally owned and operated in the New Orleans/Metairie area, provides your business with an additional, and more cost-effective option: outsource your payroll management concerns to us and free your time and resources to focus on increasing profits. Managing departmental payrolls is a complex process. There may be many different types of employee payroll concerns within a department. Several staff members are often involved in payroll processing, sometimes facing new and unexpected situations, which may be unfamiliar.

Our full payroll service solution offers the experience to accurately calculate payroll, adhere to the latest tax rules, print and deliver checks, and provide management support. Our sole objective is helping small, medium size or big organizations to get rid of the headaches of internal processing.

With Payroll Rx your business gets big company services at a lower cost with local contact and support. Doing business locally with us results in saving time and money. You will have a payroll that is precise, timely and accurate. Our automated payment system issues payments effectively and on schedule.

Our Louisiana payroll management solution gives the employer all the tools to complete payroll runs, evaluate data and reconcile payrolls, view payroll online, generate cash payment reports, secure sensitive payroll information, and more.

Monthly payroll management includes gross/net income calculation, monthly individual tax calculation, and electronic bank transfers. It also includes user defined reporting such as insurance, loans, overtimes, other payroll reports, integration with journal accounting, report generation for monthly cash payment, monthly payroll transaction calculations, and employee retirement allowance issues.

Yearly payroll management includes bonus, meals, sick leave, vacation, performance and salary raise calculations, yearly tax preparation, electronic tax transfers to various government agencies, and report generation for yearly performance.

If you would like to cut costs but maintain or increase the quality of your payroll management, outsource your work to Payroll Rx. We are constantly improving our service offerings and have the experience and flexibility you need. Our solutions can be tailored to reflect any special circumstances you may have and provide support and service every day.