Payroll outsourcing
Payroll function can be outsourced as a part of the full accounting outsourcing or as a stand along service.
BDO provides full set of services with regards to payroll processing. The initial data and historical information transfer can be arranged from any system used by the Clients. On the on-going basis preferred way of data exchange is use of BDO SAAS (software as a service solution) – when Client’s specialists use BDO software for HR administration purposes.
Payroll outsourcing includes but not limited to the following services:
- Customization of the payroll processing system, automation of the incentive policies (if applicable)
- Day-to-day payroll processing and related tax filing
- Separate processing of the top managers’ payroll with special data security measures (if necessary)
- Generation of various analytical reports across branches and regions
- Review of the payroll records in the closed periods for identification of the tax and legal risks. Recalculation of the prior periods and re-submission of the tax reports if necessary.
Success story of BT
Success story of GMAC