DIY accounting software, tax
accounting, payroll software, limited company formation UK
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DIY Accounting PAYROLL SOFTWARE PACKAGE UK The payroll illustrations are actual copies of the payroll software package for the 5 employee version. The 10 employee and 20 employee versions are identical except there are 10 and 20 rows for employee pay providing the ideal payroll accounting package for businesses requiring small business payroll software UK that automates the tax and national insurance calculations, produces salary slips and completes the paye administration.. After employee details have been entered on the Employee Details file several of the shaded areas of the payroll will be automatically pre-entered as part of the payroll calculation, including the National insurance table applicable, the income tax code applicable and the Employee name. It is recommended that payroll files are emailed back to yourself after each payroll period to provide a back up facility.
Gross Wages: If your preference is to enter the employees basic hours and hourly rate of pay the payroll software will automatically calculate the gross wages. If your preference is to enter the employees gross pay there is no requirement to also enter the hours and hourly rates. The payroll calculator that enters the gross pay automatically in the gross pay column is overwritten by entering the gross pay in the payroll software package One Click Payroll: If you simply want to repeat the previous payroll period hours, rate of pay and gross wages only a single letter enter need be made. Enter "Y" as indicated in purple above and all pay details will be repeated. One click that is all it takes. And the small business payroll accounting package many small businesses require, simple payroll accounting software specifically designed as a small business payroll package to automate paye and production of salary slips for employees Income Tax: The income tax code is automatically entered and the income tax to be deducted automatically calculated from the income tax table files that accompany the payroll software. It is important when entering the gross pay to also have the income tax file open to enable the correct income tax code to be applied and the correct income tax amount to be deducted. National insurance Contributions: The national insurance contribution table is automatically entered and the national insurance contribution to be deducted automatically calculated from the national insurance contribution table files that accompany the payroll software. It is important when entering the gross pay to also have the national insurance contribution file open to enable the correct national insurance table to be applied and the correct employees national insurance and employers national insurance contributions amount to be deducted. Payroll Accounting Software Payroll totals for each month of the Paye year are shown at the top of each month's page. While the payroll accounting software can stand alone and be used by businesses requiring only the small business payroll software the page totals can form the basis of the payroll accounting entries to your accounting program. DIY Accounting advanced is set up to link to the DIY Accounting payroll software and automatically collect the payroll costs and include these payroll costs in the automated profit & loss account. Year to date Payroll:
The payroll software automatically collects the year to date figures which the payroll software formulae then use to produce inland revenue returns such as the P45 if required and the annual P35 employers Paye return. The year to date figures forming an essential element of the paye calculator. Statutory Sick Pay Deductions
It is recommended that Statutory sick and maternity payments are entered on the payroll manually after looking up the amounts applicable on the inland revenue Paye calculator. The payroll software UK collects these statutory payments and automatically calculates the amount which can be reclaimed from the Paye payments for income tax and national insurance contributions. Paye Tax Calculator The paye calculator is not visible within the payroll accounting software as many of the payroll calculations are hidden within the formulae. In essence the paye calculator, calculator wage, acts by determining the income tax code and the payroll accounting software is then triggered by the gross pay to look up payroll totals to date and calculate the new year to date figures. The payroll calculation is the completed by the paye calculator deducting the previous year to date and enters the payroll calculation for the payroll period. Key Benefits
DIY Accounting "DIY Accounting small business payroll software package UK with built in paye calculator" | |||||||||||||||||||||||||||||||||||||||||||||
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