Product Review DIY Accounting Payroll Software

Payroll Software Strengthsrevenue form which can be simply printed out
An essential feature of the payroll solution is theenabling the payroll figures to then be entered and
inclusion of an employee details worksheet infiled online for employers to both avoid late
which simple details are entered for eachpenalties and receive the online tax free bonus
employee such as name and address, income taxavailable.
code, national insurance number and relevantThe DIY Accounting Payroll Software is easily
dates which satisfies the requirements of smallintegrated into the DIY Accounting Software
businesses operating a paye scheme. The payrollsolutions for both self employed and limited
software then uses these details particularly ofcompanies when the payroll software files are
income tax code and national insurance dates tosaved in the same folder as the accounting files
calculate the income tax and national insuranceproviding a complete accountancy solution for
deductions. Once the employee details have beenclients.
entered running a paye system couldnt bePayroll Software Weaknesses
easier.The DIY Accounting payroll system does not deal
The payroll software pre-enters eachwith income tax K codes. The income tax code K
employees name on the payroll each week oris used infrequently being applicable to those
month and simply entering the employee grossemployees whose taxable expenses exceed the
pay triggers the payroll to automatically calculateincome tax allowance and is often never seen by
income tax and national insurance contributionsmost employers.
including the employers national insuranceEmployer statutory sick pay and maternity leave
contribution using the standard income tax andrequire to be entered manually. A small price to
national insurance tables which are embeddedpay since the statutory payments are not
within the files supplied with the payroll softwarefrequent and easily looked up on the employers
system.CD-Rom as required.
Having calculated the net pay the payroll softwareThe quoted package sizes of 5 employees, 10
then goes that extra step and automaticallyemployees and 20 employees include all
completes the time consuming paye deductionemployees during the year including new starters
sheets, all arranged in the same appearance asand leavers and it is important then to obtain a
the official inland revenue deductions sheet forpackage likely to be in excess of the total
recording income tax and national insurancenumber of expected employees to avoid changing
deductions. In addition also included in thethe payroll solution during the financial year.
employee paye section are copies of thePricing
employee P60 certificate, P45 if required and theAt £14.99 the small business payroll
P14 which is a summary of the pay, income taxsoftware for up to 5 employees including starters
and national insurance contributions made by eachand leavers is almost a giveaway price with many
employee. This feature of the payroll software iscompetitive products priced much higher. The 10
extremely valuable in saving employers using theemployee payroll version is £19.99
small business payroll solution a great deal of timeand the 20 employee payroll version just
in paye administration.£24.99. Considering the paye
Many payroll software systems require theadministrative work the payroll systems save.
purchase of payslip stationery. The DIYThe packages are not upgraded each year with
Accounting payroll software is different in thisemployers purchasing the new package each
respect. First of all the payslips are all generatedfinancial year.
automatically from the information in the payrollConclusion
file which shows the weekly or monthly gross andExceptionally good value, the payroll system is
net pay, income tax and national insurance andvery quick and easy to use and produces exactly
the gross numbers to date. The Payslips all presetwhat every employer requires from a small
on payslip templates can be printed at any timebusiness payroll solution. Accurate income tax and
on normal A4 copy paper being another moneynational insurance contribution calculations,
saving feature of the paye solution.significant reduction in paye administration time,
The income tax and national insurance deductedregular payslips for each employee, compliance
throughout the financial year are automaticallywith paye administrative requirements and the
collected by the payroll software on an excelsatisfaction and valuable tax free bonus prize of
copy of the Employers Annual return, the P35. Anproducing the payroll on time.
excel copy in the same format as the inland