© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - What to Consider When Setting Up a Payroll System for Your Small Business
Posted 2nd December 2021

What to Consider When Setting Up a Payroll System for Your Small Business

It’s a good idea for any business to have an accurate and up-to-date payroll system. Some people might not think about the need to have a payroll system until they’re ready to hire employees. Thus, having one in place before you start hiring is much easier than trying to put something together when you already […]

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

What to Consider When Setting Up a Payroll System for Your Small Business

It’s a good idea for any business to have an accurate and up-to-date payroll system. Some people might not think about the need to have a payroll system until they’re ready to hire employees.

Thus, having one in place before you start hiring is much easier than trying to put something together when you already have employees on the books. In this blog post, we’ll go over some of the things that can be helpful for your small business’s payroll system to include.

The Size of the Staff

How many employees are your business likely to hire? If you think it will be a small number, you may not even need an incredibly complicated payroll system.

If you plan to hire many people at once or over time, however, having a system that can handle growth and multiple employees and their schedules can make things much easier for you.

What Specific Needs Do You Have?

Do you need to know precisely how much time each of your employees has worked so that you can be sure they’re getting paid correctly during their first couple of weeks on the job?

Would it be helpful if each employee had access to a website where they could view their take-home pay and hours worked every week? What would be easiest for them to use?

You’ll also want to consider whether you need any specialized features such as leave tracking, overtime tracking, or automated reminders so that there’s little chance of an employee forgetting about submitting their time.

Ease of Integration with Other Software

If you’re using other software in your business, it can be convenient if there are ways for that software to work directly with your payroll system.

You’ll also want to ensure that the program you choose integrates well with QuickBooks or any other accounting software. Once again, this will make everything much easier for you.

For instance, when it comes to payroll processing, you may need resources to make everything smooth. You may want to use pay stubs in achieving this.

It’s possible to generate pay stubs online these days. After filling in the personal details, the form is ready for download and printing. It’s only an easy-to-integrate system that allows you to use other tools seamlessly.

How Hard Will It Be to Set Up the System?

You’ll want to consider whether you’re paying someone else to set up your payroll system for you or if you’re planning on doing it yourself.

If you’re not very familiar with this sort of thing, then hiring a professional might be your best bet. Keep in mind that there are many things you can do on your own, however. You might be able even to set up most of it yourself if you’re reasonably computer-savvy.

How Much Will It Cost?

The system you choose must be an affordable one for your business. If it’s too expensive, then you may end up frustrated over the fact that you can’t afford to use it for all of your employees.

Accessibility and Ease of Use

What would be easiest for your employees? Do they prefer using a computer or an app on their phone? Would having something online that they can access from any computer be best? You’ll also want to look at the ease with which you can update each employee’s information during the hiring process and anytime you need to make changes.

Once again, you must consider whether your employees would prefer for this system to be extremely simple or if they’d like more detailed reports and features. The easier the system is to use, the happier your employees will be.
All in all, having an efficient and reliable payroll system is essential for any business. Whether you are looking to hire employees or not, it can be helpful to have a system in place that will help your small business grow. Target the systems which are easy to integrate.

Categories: News


You Might Also Like
Read Full PostRead - Eye Icon
Gleiss Lutz Advises Apax Partners During Acquisition of Azelis
Legal
19/05/2015Gleiss Lutz Advises Apax Partners During Acquisition of Azelis

Gleiss Lutz Advises Apax Partners During Acquisition of Azelis

Read Full PostRead - Eye Icon
The Future of Sustainable Energy Starts Here
News
09/08/2022The Future of Sustainable Energy Starts Here

In today’s world, the climate crisis is the most pressing issue – it’s on every news channel, in every newspaper, and is talked about throughout social media.

Read Full PostRead - Eye Icon
Ownership Mindset: Cultivating Engagement Through Employee Shareholding
News
01/07/2024Ownership Mindset: Cultivating Engagement Through Employee Shareholding

In today’s competitive landscape, fostering a culture of engagement among employees is paramount for the success and sustainability of any business. Employee engagement goes beyond mere satisfaction; it’s about creating a sense of belonging, purpos

Read Full PostRead - Eye Icon
We Have All the Time in the World
Innovation
29/09/2016We Have All the Time in the World

ELF Productivity Ltd, is a privately owned, UK based software and technology house.

Read Full PostRead - Eye Icon
How to Grow Your Business
Finance
03/03/2020How to Grow Your Business

Growing your business is the goal of any new business owner. Starting up is excellent, getting those first customers are wonderful, but it is only when you surpass breaking even can you officially say that you have made it.

Read Full PostRead - Eye Icon
7 Reasons Why Florida is a Great State for Starting a Business
News
04/03/20247 Reasons Why Florida is a Great State for Starting a Business

Imagine launching your business in a place where the sun shines all year round, tax burdens lighten, and markets continue to flourish. Welcome to Florida—a state that seamlessly blends leisure with enterprise, creating an ecosystem ripe for entrepreneuri

Read Full PostRead - Eye Icon
Biocon to go Ahead with Syngene IPO, Listing Likely in July
Finance
19/05/2015Biocon to go Ahead with Syngene IPO, Listing Likely in July

Biotechnology major Biocon on Wednesday filed a prospectus with market regulator Securities and Exchange Board of India (Sebi) for the Initial Public Offer (IPO) of its research arm, Syngene, through which it aims to raise around Rs 600 crore for funding resea

Read Full PostRead - Eye Icon
Most Innovative Law Firm of 2016, Glasgow
Legal
04/04/2016Most Innovative Law Firm of 2016, Glasgow

The Most Innovative Law Firm of 2016, Glasgow was awarded to EmployEasily Legal Services

Read Full PostRead - Eye Icon
Consumer debt repayment is surging, but will the trend last?
News
27/07/2020Consumer debt repayment is surging, but will the trend last?

As we weather the storm of COVID-19, we’re seeing a surprising trend in the consumer market of the personal finances industry: debts are being repaid like never before. With British households holding well in excess of one trillion Pounds in debt, the beginn



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow