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