[Guide] How to setup payroll for small businesses

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[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 doesnโ€™t just entail providing accurate and timely payments to employees, you also need to ensure compliance with legal requirements and protect your organisationโ€™s 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

Payrollโ€™s complex even for the best of us, especially when weโ€™re already occupied with business-as-usual tasks.

Gain peace of mind with Employment Heroโ€™s 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.

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