Virtual Payroll Processing

Virtual pay-roll is fast catching on with the small to mid-size companies. Online payroll providers are emerging at a torrid pace and many veteran payroll processors, like ADP, are migrating to the Web, enabling businesses to enter data from remote locations any time of the day. Often the online services are cheaper than traditional payroll processing, providing small businesses with services once available only to larger companies with larger budgets. And, as is the case with most Web-based services, since the system is online, there's no need for users to purchase and install software. For many of the Web-based systems, users need only Internet access and a browser.

Payroll can be cumbersome, confusing, and time consuming, for many small to mid sized business owners. Virtual payroll department performs everything from data entry to year end reconciliation. We have experience with many different payroll systems and can run your current systems. The Web enables businesses to access payroll anytime, anywhere. Today, not only is the Internet a valued resource for news, investments, global communication, and shopping, but also for a myriad of online services, including payroll processing.

Online payroll providers are emerging at a torrid pace and many veteran payroll processors, like ADP, are migrating to the Web, enabling businesses to enter data from remote locations any time of the day. Often the online services are cheaper than traditional payroll processing, providing small businesses with services once available only to larger companies with larger budgets. And, as is the case with most Web-based services, since the system is online, there's no need for users to purchase and install software. For many of the Web-based systems, users need only Internet access and a browser.

Virtual Payroll or browser based internet pay roll is particularly useful for small-to mid-size or home office businesses because these business owners want to manage their business and a lot of the time payroll doesn't come first

Services include direct deposit of employee paychecks; electronic tax filing of federal 941 deposits; downloadable and printable employee earnings statements and pay stubs; preparation of all state and federal quarterly and annual payroll tax returns; the ability to download and print payroll, management, and payroll tax reports; and automatic filing of all quarterly and annual federal and state payroll tax returns. There is a base charge per payroll and a fixed charge per employee on top of that. Most of the users of virtual pay-roll say online payroll is the only to way to fly. Virtual pay roll has taken about a four or five hour process and made it 20 minutes opine the users. The US-based company Automatic Data Processing (ADP) launched EasyPayNet, an Internet solution for payroll processing, payroll tax filing, and benefits administration. EasyPayNet users can review and revise payroll information on their time, create management reports instantly, and submit payroll information to ADP via the Internet. Users need only a browser and Internet access. A typical web-based payroll has an application that has a tab folder format, online wizards, and employee list box. While the user has control over the input of data, the rest is handled by the software.

Currently 75 percent of small businesses phone-in their payroll data. It is estimated that in next few years, 69 percent of small businesses will process payroll data via a PC or the Internet. Another web-payroll, PowerPay.com, requires only a browser and Internet access (56K or higher is recommended). Users can do same-day payroll processing, reporting and tax filing; background checks and drug screening; retirement plan administration; and optional employee benefits programs available through payroll deductions. The number one drive for small businesses was the fact that they are in control of the payroll at anytime. Users can even do payroll from home.

Companies ranging from nursing homes to high-tech companies are also taking to virtual payroll. Prices range, but a company could spend between $2 and $2.50 per check, which includes delivery, tax filing, and direct deposit. Paychex's remote-entry system, Paylink, enables clients to enter payroll data, add and change employee information, and produce reports via a modem at any time.

There is no additional set-up fee or per-payroll charge associated with the Internet Report Service. Online reports are available from the past 4 months free of charge. Reports 5 to 48 months old are archived, and there is a $2 charge for each archived report viewed or printed by the client. Virtual Payroll is a business that is growing 30 to 40 percent a month. In the small business market, what is important is customer service. Some web-based payroll systems charge depending upon the customization required by the company. Small business owners want to manage their business and a lot of the time payroll doesn't come first.

Many Virtual Professionals are listed under specific services they offer.

The following professionals are coming under the Virtual Professional umbrella: