Payroll calculation and CPF submission
Payroll is directly associated with employee compensation. If the system you use to process your payroll has a weakness, it could affect paycheck accuracy. Payroll involves more than simply compensating your employees for time worked, and inaccuracy may lead to consequences other than paycheck errors.
Correct payroll processing saves precious time and resources for the organization. It eliminates the need to cancel payments, recalculate and issue manual replacement checks. The payroll department builds trust in its processes, reducing the incidence of employee complaints and grievances. It also can spare the company from legal cases and penalties in case of incorrect remittances for taxes and other payment to third parties.