The Top 5 Myths About BIR CAS-Ready Cloud Accounting Software: Debunked
By Johnny Kawa Introduction In recent years, cloud accounting software has gained…
Running a small business is not at all a walk in the park. From certain business processes, manpower, marketing, and operations, the business owner of an SME needs to take responsibility and accountability for just about everything.
What are SMEs? SMEs are small and medium-sized enterprises. Small is when the business enterprise has 10 to 99 employees; and Medium is when there are 100 to 199 employees. Anything above 200 is considered large; anything with below 10 employees are considered Micro enterprises.
Small businesses are either services or retail operations like grocery stores, medical stores, coffee shops, food kiosks, bakeries, and small manufacturing units. They usually require lesser capital and fewer employees and from little to no machinery requirement at all. These small businesses are suitably meant to function to run on a small scale to serve a local community and to provide good profits to the small business owners.
However, small businesses grow and it comes with its challenges. SMEs face a wide range of obstacles from limited access to finance, lack of databases, lack of capitalization, undeveloped sales channels, and low levels of strategies which are some of the reasons behind the slow growth of SMEs.
Yet, there is a great way to jumpstart their operations. Powered with hard work, collaboration, commitment, and pursuit of success, growth is inevitable. And expansion is necessary.
Expanding a small business is possible by establishing the groundwork of the business. So how can small businesses possibly achieve that? With the help of cloud payroll software for SMEs, growth is imminent.
But, business owners need to watch out since there is very little room for committing errors as small businesses cannot afford a hit-or-miss situation. Such challenges call for the implementation of cloud-based payroll software in the Philippines, specially made for SMEs.
Cloud payroll software for SMEs is easy to use. It helps with payroll, time management, and data management. It is also flexible and allows businesses to tailor the system to their specific needs, ensuring maximum flexibility.
The payroll data of any organization is highly secure and sensitive. By utilizing online payroll for SMEs, small businesses can safeguard important information from various security threats.
You can enjoy the benefits of a powerful online payroll for SMEs and HR systems at a very minimal cost. Maintenance expenses are kept to a minimum, letting the company save in the long run.
Saying goodbye to manual computations is easy. With a cloud payroll for SMEs, automation is a common thing. It automates the computation of tardiness, undertime, overtime, absences, and holidays from the uploaded biometrics text files and CSV logs. It also automatically computes mandatory payroll deductions like BIR withholding tax, SSS, HDMF, and PhilHealth contributions.
Automatically computing mandatory payroll deductions eliminates the need for tedious and time-consuming manual computations. And this ensures accuracy. Moreover, the HR task of generating and filing these reports to these agencies like the BIR, SSS, HDMF, etc. is automated, freeing up HR staff to focus on other tasks like strategic planning and employee relationship building.
The best self-service solution that SMEs can get hands-on is having a cloud-based payroll software in the Philippines. Employees can easily access details like leaves, pay, and attendance with these software solutions. They will just need a few clicks to view their bonuses and salaries. By this, the employees do not have to reach out to the HR staff again and again for getting information. This saves everyone time and effort and also improves transparency and accountability.
The HR industry is always dominated by statutory updates every now and then. When HR departments depend completely on manual, there are chances of failing to comply with important regulations that can lead to penalties and fines. Cloud-based payroll software acts as a lifesaver. It can help ensure that you stay on the right side of the law.
HR needs to know the status of the company and how it is faring. With online payroll software Philippines, an SME can avail of detailed reporting capabilities, allowing access to monitor payroll costs and identify areas for improvement. With reporting features, you can generate reports on employee salaries, taxes, and deductions, as well as identify trends and patterns in payroll data.
Each company is unique and has specific payroll needs. With customizable company settings, you can set up tax codes, payroll schedules, payment methods, and employee benefits to match your company’s requirements. This means you can streamline your payroll processes and reduce errors, all while ensuring that your employees are paid accurately and on time. Plus, with our easy-to-use interface, customizing your payroll settings has never been easier.
If you are looking for the most reliable and user-friendly cloud payroll for SMEs, EasyHR offers a comprehensive and user-friendly cloud payroll and HRIS software solution that simplifies and streamlines HR processes. With its advanced features and customizable options, it is the ideal solution for SMEs in the Philippines looking to improve their HR management and efficiency.
Try it now, avail of a free demo: https://human-incubator.com/easy-hr/
EasyFIS is a Software-as-a-service (SAAS) sales, inventory and Accounting system designed for Micro, Small and Medium (MSME) Enterprises.
If you want to manage your business in real-time and in a WFH Work from Home Setup, EasyFIS can provide a turn-key solution to your most common business problems to effectively monitor your sales, checking your LIVE inventory stock quantity and most importantly the status of your business’ financial health.
On top of that EasyFIS is CAS (Computerized Accounting System) compliant ready for government taxation in the Philippines.
EasyHR is a Software-as-a-service (SAAS) web application that helps to manage your Payroll and Human Resource Tasks easily and effectively.
Whether you are handling less than ten (10) employees or up to more than ten thousand (10,000) employees, EasyHR can do the job for you and saves you a lot of time in computing your Payroll and managing your Employee 201 Records anytime and anywhere.
But not only that, EasyHR further has an Employee Portal that allows your employees to access it online and check their own Payslips, Overtime, Leaves and Time Records. It saves a lot of time and money in printing these Payslips and paper wastage.
EasyPOS is a standalone Sales and Inventory system designed for businesses with Physical Stores and does not necessarily need an Internet or cloud solution.
The software is very easy to use yet already fully loaded with the necessary daily functions in running a store.
It already has a complete Sales and Inventory system with Item components.
Barcode and Touchscreen Interface that can be used for both groceries and restaurant setup respectively. Plus it is already BIR Accredited to legally issue Sales Invoice (SI) and Official Receipts (OR).