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  • 4 Reasons to outsource your payroll
Article:

4 Reasons to outsource your payroll

16 February 2021

Payroll management strains the time and resources of many businesses. To solve the challenge, business leaders often consider outsourcing their payroll needs to payroll service providers. 

Deciding to outsource the payroll function is a significant step for any organization. To help you assess the benefits of outsourcing your payroll needs, we have put together the top four reasons to use outsourced payroll services - and what your organization could gain by doing the same. 

  • Focus on core business priorities
  • No longer need to stay current on legislative changes
  • Avoid surprise time crunches  
  • Free up internal resources for value-add tasks
  • Retreive precise information about reimbursements per employee at any given time
  • Maintain proper business data to make decisions in real-time
  • Protect business data with a secure platform  
  • Decrease staffing overhead costs
  • Avoid hidden costs of errors in payroll calculations
  • Reduce the risk of employee fraud
  • Eliminate expenses for in-house software needs
  • Obtain access to the team of professionals with experience
  • Stay compliant with legislative changes
  • Improve other business processes related to staff
  • Minimize payroll mistakes and lift employee morale  

BDO CAN HELP WITH: 

  • Preparation of payroll 

  • Annual leave calculations according to the Georgian legislation  

  • Calculation of benefits (bonus , overtime , communication , car , melas , etc.) and preparation of related primary  documentation if necessary  

  • Monthly statutory payroll tax filing preparation and submission in accordance with the existing legislation  

  • Preparation of the tax return  in accordance with the existing legislation 

  • Bank transfer on request 

  • Preparation and submission of monthly pay slips via mail  

  • Reviewing and providing Labor Code updates 

  • Assistance in creating any personnel affairs related document templates (for example annual leave forms, termination forms, resignation letters, position proofs etc. )  

BDO offers full payroll and personnel administration services according to the company’s internal polices. Our  automate systems will help you avoid every day routine, save money and  time, allowing you to focus on your business.

 

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KETEVAN ZARIDZE, Partner, Head of Business Services and Outsourcing
KETEVAN ZARIDZE
Partner, Head of Business Services and Outsourcing

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