| Payroll Software Strengths | | | | revenue form which can be simply printed out |
| An essential feature of the payroll solution is the | | | | enabling the payroll figures to then be entered and |
| inclusion of an employee details worksheet in | | | | filed online for employers to both avoid late |
| which simple details are entered for each | | | | penalties and receive the online tax free bonus |
| employee such as name and address, income tax | | | | available. |
| code, national insurance number and relevant | | | | The DIY Accounting Payroll Software is easily |
| dates which satisfies the requirements of small | | | | integrated into the DIY Accounting Software |
| businesses operating a paye scheme. The payroll | | | | solutions for both self employed and limited |
| software then uses these details particularly of | | | | companies when the payroll software files are |
| income tax code and national insurance dates to | | | | saved in the same folder as the accounting files |
| calculate the income tax and national insurance | | | | providing a complete accountancy solution for |
| deductions. Once the employee details have been | | | | clients. |
| entered running a paye system couldnt be | | | | Payroll Software Weaknesses |
| easier. | | | | The DIY Accounting payroll system does not deal |
| The payroll software pre-enters each | | | | with income tax K codes. The income tax code K |
| employees name on the payroll each week or | | | | is used infrequently being applicable to those |
| month and simply entering the employee gross | | | | employees whose taxable expenses exceed the |
| pay triggers the payroll to automatically calculate | | | | income tax allowance and is often never seen by |
| income tax and national insurance contributions | | | | most employers. |
| including the employers national insurance | | | | Employer statutory sick pay and maternity leave |
| contribution using the standard income tax and | | | | require to be entered manually. A small price to |
| national insurance tables which are embedded | | | | pay since the statutory payments are not |
| within the files supplied with the payroll software | | | | frequent and easily looked up on the employers |
| system. | | | | CD-Rom as required. |
| Having calculated the net pay the payroll software | | | | The quoted package sizes of 5 employees, 10 |
| then goes that extra step and automatically | | | | employees and 20 employees include all |
| completes the time consuming paye deduction | | | | employees during the year including new starters |
| sheets, all arranged in the same appearance as | | | | and leavers and it is important then to obtain a |
| the official inland revenue deductions sheet for | | | | package likely to be in excess of the total |
| recording income tax and national insurance | | | | number of expected employees to avoid changing |
| deductions. In addition also included in the | | | | the payroll solution during the financial year. |
| employee paye section are copies of the | | | | Pricing |
| employee P60 certificate, P45 if required and the | | | | At £14.99 the small business payroll |
| P14 which is a summary of the pay, income tax | | | | software for up to 5 employees including starters |
| and national insurance contributions made by each | | | | and leavers is almost a giveaway price with many |
| employee. This feature of the payroll software is | | | | competitive products priced much higher. The 10 |
| extremely valuable in saving employers using the | | | | employee payroll version is £19.99 |
| small business payroll solution a great deal of time | | | | and the 20 employee payroll version just |
| in paye administration. | | | | £24.99. Considering the paye |
| Many payroll software systems require the | | | | administrative work the payroll systems save. |
| purchase of payslip stationery. The DIY | | | | The packages are not upgraded each year with |
| Accounting payroll software is different in this | | | | employers purchasing the new package each |
| respect. First of all the payslips are all generated | | | | financial year. |
| automatically from the information in the payroll | | | | Conclusion |
| file which shows the weekly or monthly gross and | | | | Exceptionally good value, the payroll system is |
| net pay, income tax and national insurance and | | | | very quick and easy to use and produces exactly |
| the gross numbers to date. The Payslips all preset | | | | what every employer requires from a small |
| on payslip templates can be printed at any time | | | | business payroll solution. Accurate income tax and |
| on normal A4 copy paper being another money | | | | national insurance contribution calculations, |
| saving feature of the paye solution. | | | | significant reduction in paye administration time, |
| The income tax and national insurance deducted | | | | regular payslips for each employee, compliance |
| throughout the financial year are automatically | | | | with paye administrative requirements and the |
| collected by the payroll software on an excel | | | | satisfaction and valuable tax free bonus prize of |
| copy of the Employers Annual return, the P35. An | | | | producing the payroll on time. |
| excel copy in the same format as the inland | | | | |