Payroll Management Services | Payroll outsourcing companies in Kenya

1. Why you should outsource Payroll Services in Kenya?

2. Running a business means juggling several administrative responsibilities. Whatever the company business may be, payroll processing is the most critical aspect of any organization and it has a direct effect towards the business growth of. Outsourcing Payroll Services in Kenya could make your job easier.

3. Payroll is time-consuming and complicated. If a significant amount of your time is devoted to it every month, there’s a chance that your core services are being adversely affected. The administrative burden payroll brings can effortlessly have a knock-on effect, particularly on closely connected departments like human resources.

4. It is very important to have professional knowledge and skills for the preparation of payroll and that’s the reason why professional Payroll outsourcing companies in Kenya play a significant role in the payroll preparation.

5. Why should you Outsource PayrollServices in Kenya? • Outsourcing payroll is just more than a matter of ensuring workers is paid on time. • Payroll is complicated and time-consuming. • If your full attention is devoted to it, • there will be a chance that the core services are being affected adversely.

6. Ignoring payroll, however, isn’t really a good option. While compliance errors can invite costly penalties from the tax man, missed payments can lead to even worse: unsatisfied employees

7. The administrative burden payroll brings can easily have an instantaneous effect, especially in closely related departments like HR. HR staff will bear the brunt of the staff dissatisfaction, etc.

8. Global payroll service providers represent a way to acclimatize your business. Essentially, outsourcing is a happy medium that allows your company to focus on what it does best with the peace of mind that the processing of payroll processing are being handled by specialists.

9. Overview of Payroll Outsourcing Services: • Based on the inputs the outsourcing companies obtain from you, they maintain monthly payroll processing & master data. • Based on the requirements of the employees & management, they offer you several output reports. • They perform the activities required for collection & screening of investment proof at the end of every year. • They can interact with the right authorities regarding company registration, such as, with income tax, provident fund, labor welfare, ESIC and professional tax authorities. • They prepare & submit all statutory returns with govt. authorities, as and when required. • They take care of management of investment reporting, usage, balances, accrual calculation & approval of employee leaves. • They also manage compensation against expenses, including vetting of documents, balance computation, reporting, approval & submission of claims.

10. Top reasons why businesses should outsource payroll management in Kenya: • Saves a lot of time • Focus Better on Core Business • Get access to Expertise • Access to the advanced technology • Reduce Costs and Risks • Savings on Tax • Security • Clear focused mind

11. Saves a lot of time It takes a lot of time in payroll preparation as there are involvements of several data in it and it is a time-consuming process. Hence, outsourcing the same helps the management of the business to concentrate towards the business progress rather playing with the numbers.

12. Focus Better on Your Core Business Payroll is the critical functions that may not directly increase sales. When carried out poorly, it can put your company business in a hurting stage. And most of all, it can sap time and attention of the in-bound team away from core activities. That’s why professional payroll outsourcing companies play a key role in the payroll preparation and can push you to concentrate on core business functions.

13. Get access to Expertise Payroll administration encompasses a vast amount of regulatory and administrative baggage. By outsourcing to Payroll outsourcing firms in Kenya, your business can import the necessary expertise and experience to navigate the compliance labyrinth and avoid expensive financial penalties or consequent reputational loss.

14. Access to the advanced technology Another major advantage of payroll outsourcing is the up-to-date, modernized and advanced technology used by the payroll outsourcing companies Kenya. It is very important to have updated tools and software’s to get the perfect result.

15. Reduce Costs and Risks Outsourcing payroll can also assist with limiting risks and cutting huge costs. Consulting a professional firm to manage your payroll can save you money and reduce the chance of expensive legal penalties. A good payroll provider in the country offers proficiencies that go beyond what you can do on your own. If you haven’t considered an outsourced solution before, try out once. It will deliver peace of mind for you as the owner, and free up time in your company.

16. Savings on Tax • Inaccurate tax filing can attract huge fines. Some reports and studies say that almost 40 % of business around the globe, sometimes gets affected because of incorrect payment and filing of tax and that’s why payroll outsourcing firms are the perfect option for the same.

17. Security In-house payroll processing can expose the organization to a fair amount of threat. There is always a risk of identity theft, frauds, embezzlement of funds, or tampering with files for personal gain. Outsourcing payroll management generally means your data is securely stored and such threats are avoided.

18. Clear focused mind Use of outsourced significantly reduces the agony and hassle often associated with processing payroll. You provide the basic information, and the third party provider company takes care of the rest. No stress! No headaches: A Peace of Mind is one of the true benefits of outsourcing payroll to a professional company like Acreaty Kenya.

19. Payroll outsourcing plays the most significant role for organization and it has a direct effect towards the growth of the company.

20. Worldwide Offices & Business Partners in • US • Africa • Asia • Middle East Acreaty LLC, Head Office (USA): Acreaty LLC, 708, 3rd AVENUE, 6th FLOOR, NEW YORK, NY10017 M:+1(321) 417- 6155 | T: +91 (9990775772) l anand@acreaty.us, I www.acreaty.us| www.acreaty.com | www.acreaty.com.gh | www.acreaty.ae | www.acreaty.ph THANK YOU!!