July 23, 2021

Advantages of Payroll Software over Excel

Are you struggling to choose between using payroll software or excel to keep track of employee compensation? They both have advantages over each other. However, in my opinion, payroll software is superior to excel. Software developers, like us, specifically design payroll software for this task. I will list below some of the main advantages of payroll software over Excel. The in-built functions are one of the advantages of payroll software over Excel. First, payroll software has already been built for this task and contains all the necessary formulas one requires. When using Excel, one must create a workbook and manually insert all the formulas required to calculate salaries. This database must be constantly updated and refreshed whenever employees are hired or fired. This is a time-consuming process. Less expertise is required. Creating and maintaining an excel database requires a high […]
January 15, 2018

Doing Payroll on spreadsheet versus Quick Payroll software

Payroll management is a critical aspect of business operations, ensuring employees are accurately compensated for their work. Traditionally, many businesses have relied on manual methods such as spreadsheets to handle payroll tasks. However, with the advent of technology, dedicated payroll software solutions like Quick Payroll have emerged as viable alternatives. Let’s compare the two approaches to understand their benefits and drawbacks. 1. Accuracy and Efficiency Spreadsheet: Using spreadsheets for payroll requires manual data entry, which is prone to human error. Calculating taxes, deductions, and overtime can be time-consuming and may lead to inaccuracies if not handled meticulously. Quick Payroll Software: Quick Payroll software automates payroll calculations, reducing the likelihood of errors. With built-in formulas and tax tables, it streamlines the process, saving time and ensuring accuracy in payroll processing.  2. Compliance and Legal Requirements Spreadsheet: Ensuring compliance with tax laws […]