IMS Payroll is a widely trusted payroll solution, particularly popular in New Zealand for its robust features and compliance with local payroll regulations. Whether you're new to IMS Payroll or looking to optimize your current payroll processes, this guide will walk you through the essentials of using the platform effectively.
Getting Started with IMS Payroll
1. Installation and Setup
IMS Payroll can be installed either on-premises or accessed via the cloud, depending on your business's needs. The installation process is straightforward, with detailed instructions provided by the IMS support team. During setup, you'll need to configure basic company details, such as your business name, tax identification number, and payroll frequency.
2. Employee Data Entry
Once the initial setup is complete, the next step is to enter your employee data. This includes personal information, tax codes, salary details, and leave balances. IMS Payroll allows you to import data from existing systems, which can save time and reduce the risk of errors during data entry.
3. Setting Up Payroll Parameters
IMS Payroll requires you to set up payroll parameters that dictate how the system will calculate wages, deductions, and leave entitlements. You'll define pay rates, overtime rules, allowances, and other specific payroll conditions that apply to your employees. This customization ensures that your payroll runs smoothly and accurately.
Running Payroll with IMS
1. Processing Payroll
Once your system is set up, processing payroll with IMS is a breeze. Simply select the pay period, verify employee hours and pay details, and let the system do the rest. IMS Payroll automatically calculates gross wages, tax deductions, KiwiSaver contributions, and other necessary adjustments.
2. Reviewing and Approving Payroll
Before finalizing payroll, you can review the generated payslips to ensure accuracy. IMS Payroll allows you to make adjustments if needed, such as correcting hours worked or adding bonuses. Once you're satisfied, you can approve the payroll, and the system will generate payslips for distribution to your employees.
3. Generating Reports
IMS Payroll offers a variety of reports to help you manage your payroll more effectively. You can generate reports on employee earnings, tax deductions, leave balances, and more. These reports are essential for ensuring compliance with local regulations and for providing insights into your payroll expenses.
Employee Self-Service with IMS Payroll
IMS Payroll includes a self-service portal that empowers employees to access their payroll information online. Employees can view their payslips, update personal details, and manage their leave requests without needing to contact HR. This feature not only saves time for your payroll team but also improves employee satisfaction by providing easy access to important information.
Compliance and Security
1. Staying Compliant
One of the standout features of IMS Payroll is its ability to keep your business compliant with New Zealand's payroll regulations. The system is regularly updated to reflect changes in tax laws, employment standards, and KiwiSaver regulations, ensuring that your payroll is always up to date.
2. Data Security
IMS Payroll takes data security seriously. The system uses advanced encryption to protect sensitive employee information and offers regular backups to prevent data loss. Whether you're using the cloud-based version or the on-premises installation, you can trust that your payroll data is secure.
Integration and Customization
IMS Payroll is designed to integrate seamlessly with other business systems, such as accounting software and time tracking tools. This integration reduces the need for manual data entry and ensures that your payroll system is always in sync with your other business processes.
In addition to integration, IMS Payroll is highly customizable. You can tailor the system to meet the specific needs of your business, whether you have complex pay structures, unique leave policies, or specific reporting requirements.
Support and Resources
IMS Payroll offers comprehensive support to help you get the most out of the system. From detailed user guides and online tutorials to a responsive support team, you'll have the resources you need to resolve any issues and optimize your payroll processes.
Conclusion
IMS Payroll is a powerful tool for managing payroll in New Zealand, offering a range of features designed to simplify payroll processing, ensure compliance, and enhance data security. By following this comprehensive guide, you'll be well-equipped to use IMS Payroll effectively, saving time and reducing the risk of errors in your payroll management. Whether you're a small business owner or part of a larger organization, IMS Payroll can be tailored to meet your unique needs, making it an indispensable asset for your business.
You will need to adjust payroll liability in QuickBooks if they are incorrect.
The process might get tricky, especially if you are using Assisted Payroll or Payroll in QuickBooks Online.
Contact us at our 855-526-5749 for expert help.
So, this article is going to be about QuickBooks print paychecks-how can you print them.Steps for QuickBooks Print PaychecksAfter you've completed payroll for your employees, you may begin printing checks right away.
You can follow the below mentioned steps to quickbooks print paychecks.
Follow the steps further for more info.Step 1: Select a printer.Select the printer you want to send the checks to from the drop-down option.Step 2: Select a printer type.Using the drop-down menu, select the printer type.
Continuous (perforated edge), page-oriented (single sheets), or laser printing are all options (single label).Step 3: Select a Check StyleAfter that, pick a check style.
You have the option of choosing between a voucher, a standard, or a wallet.Step 4: Enter the number of copies you'd like to make.Put the number of copies you want to print in the box below.Step 5: Examine the Extra FeaturesSelect any other criteria by checking the box next to them.
You can select to print collated sheets, your company name and address, a company logo, and/or a signature image on your checks.Step 6: Change the Font (Optional)Both the check font and the address font can be changed if you want to.Step 7: Double-check the page's orientationThe page orientation can be changed from the default "portrait" to "side" or "center.
Employee wants their payroll process should be error free, payroll software in gujarat, contact us to for the error less payroll software,https://medium.com/@mahadevchinchole/why-it-is-important-to-have-error-free-payroll-process-384b1cdbc00e
https://www.nbsmymanpower.com/blog/payroll-processing-services-and-policies/ Stages of payroll processingPlanning a key for Payroll processing as it involves several simple to complex procedures to process payroll successfully.
The payroll process is segregated into three stagesPre-Payroll processActual Payroll processPost payroll process
