[Guide] How to setup payroll for small businesses
Published
[Guide] How to setup payroll for small businesses
As a Singaporean business, setting up payroll can be complex and confusing โ but getting it right is imperative to ensuring your business operations run smoothly.
Nailing payroll doesnโt just entail providing accurate and timely payments to employees, you also need to ensure compliance with legal requirements and protect your organisationโs overall financial well-being.
In this guide we cover the key steps on setting up payroll:
- Choose the right payroll software
- Gather your business details
- Collect employee details
- Understand statutory rules
- Setup pay categories
- Determine deductions and other variable components
- Setup and maintain payroll documentation
- Process payroll and pay employees
Payrollโs complex even for the best of us, especially when weโre already occupied with business-as-usual tasks.
Gain peace of mind with Employment Heroโs payroll management services and let us handle everything payroll-related for you, or DIY it with our all-in-one HR and payroll software full of automated features that allow you to set and forget your payroll processes.
Download our guide today.
Visit our Resources page for more.
Related Resources
-
Everything You Need to Know About the Start Digital Grant Under the NCSS TechAndGO! Initiative
Discover the Start Digital Grant under NCSS’s TechAndGO! initiative.
-
10 point HR and payroll compliance checklist
Get peace of mind with our 10 point HR and payroll compliance checklist.
-
From Hi to Hired: Hire Faster, Hire Smarter.
This session will equip you with techniques to streamline hiring, enhance candidate experience.