{"id":179370,"date":"2023-12-18T09:52:26","date_gmt":"2023-12-18T09:52:26","guid":{"rendered":"http:\/\/realbusiness.co.uk\/?p=179370"},"modified":"2023-12-18T09:56:48","modified_gmt":"2023-12-18T09:56:48","slug":"5-payroll-tools-automate-generation-payslips-get-team-paid","status":"publish","type":"post","link":"https:\/\/realbusiness.co.uk\/5-payroll-tools-automate-generation-payslips-get-team-paid","title":{"rendered":"5 Payroll Tools To Automate The Generation Of Payslips & Get Your Team Paid"},"content":{"rendered":"
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Header Image Source: <\/span><\/i>Pexels<\/span><\/i><\/a><\/p>\n

Ensuring that everyone at your company gets paid accurately and on time is vital. Doing so impacts your team\u2019s motivation, their perception of your company, and your legal compliance. However, manual payroll administration, either on-house or with an external service provider, can be time-consuming and error-prone, causing bottlenecks and delays in payroll operations.<\/strong><\/p>\n

The solution? Streamline your payroll operations by using advanced payroll tools. If you\u2019re looking for the best tools for issuing payslips and employee salary payments automatically, you\u2019ve come to the right place.\u00a0<\/span><\/p>\n

It\u2019s important to consider tools with specific functionalities tailored to the intricacies of the UK tax and employment landscape, which can help ensure compliance with employment laws. A tool that takes UK payroll\u2019s unique challenges into account is the <\/span>ultimate HR ally<\/span><\/a>, and the five solutions below all qualify in this regard.\u00a0<\/span><\/p>\n

A quick overview of payroll tools for the UK<\/span><\/h2>\n

Payroll tools are powerful software solutions that automate and streamline the payroll process. Payroll solutions designed to handle UK payroll regulations can deal with tax requirements and employment laws, ensuring accurate and compliant employee payment processes.<\/span><\/p>\n

These tools typically offer functionalities that simplify payroll administration tasks, including automated generation of payslips, calculation of tax deductions, National Insurance contributions, and statutory payments such as sick leave and maternity pay.\u00a0<\/span><\/p>\n

Most can integrate with His Majesty’s Revenue and Customs (HMRC) systems, allowing businesses to submit regular reports and stay updated with the latest tax regulations and reporting requirements. Besides simplifying payroll calculations, payroll tools can provide features for managing workplace pensions, generating year-end reports such as P60s and P11Ds, and facilitating communication with pension providers.<\/span><\/p>\n

Finding the best payroll tool can take time and research, but we can help narrow your search with the five tools to speed up your payslip generation and payments below.<\/span><\/p>\n

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1. Pento<\/span><\/h2>\n

Effective payroll management involves many moving parts that are time-consuming, resource-draining, and challenging to manage without the right tool. One of the leading payroll tools that can help you overcome these challenges is <\/span>Pento<\/span><\/a>.<\/span><\/p>\n

Pento is a feature-packed software platform with automated payroll tools. It can automatically make bank payments, calculate taxes, sync with HMRC and pension providers, and auto-enrol eligible team members for respective pensions.\u00a0<\/span><\/p>\n

It also syncs information with your other HR systems, such as CharlieHR, BambooHR, and Hibob, so you can minimise data entry and compliance issues by auto-updating employee details and then automatically making payments to HMRC\u2019s PAYE system on time.\u00a0<\/span><\/p>\n

With its easy-to-use interface and tools, you can distribute paycheques and transfer money, generate reports to track changes and trends, and easily adjust employee salaries and details whenever you need to, right until the moment when you close payroll.\u00a0\u00a0<\/span><\/p>\n

\"Pento

The payroll solution has a dedicated onboarding team to help you get started, and it offers continued support across multiple channels, including email, chat, and phone. While Pento does integrate with accounting tools, the platform itself is only for payroll, so if you\u2019re looking for a comprehensive finance suite, this isn\u2019t the option for you.<\/p>\n

Pento\u2019s pricing starts at \u00a35 per employee per month, with a minimum monthly fee of \u00a3149, and you can reach out to learn more or get a more custom quote.\u00a0\u00a0<\/span><\/p>\n

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2. Xero<\/span><\/h2>\n

Xero<\/span><\/a> is an accounting tech solution designed for small and medium-sized businesses. The software provides accounting and financial management tools to help streamline your business processes, manage finances, and collaborate with accountants or bookkeepers.<\/span><\/p>\n

Xero\u2019s main features and functionalities include the following:<\/span><\/p>\n