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Direct cost savings
- You will not be required to purchase the hardware and software required for running an efficient payroll system
- No annual costs for payroll software licence renewal
- No more payroll employee training costs
- Reduction of payroll department costs as fewer employees will be needed to work in the department
- No more tax penalties for late submissions
- Paper free environment
Indirect benefits
- Reduces errors and omissions when capturing data
- Ensures payslips remain confidential within the organisation
Reducing company responsibility
- Reduces time spent on payroll administrative duties
- Reduces time spent on keeping up to date with payroll compliance legislation
- Ensures payroll is accurate and on time each month
If you want an outsourced payroll system that is accurate, efficient and reliable call us now
Before the 16th of each month
- Client to provide all data changes i.e variable changes, new employee starts, employee terminations, all/any changes that needs to be actioned.
- RBN to collate all the data
Between the 17th and the 22nd of each month
- RBN payroll to validate all the data provided and apply changes accordingly
- Variances will be monitored/tracked by RBN
- Any concerns or queries with regards to what has been provided, will be handled within this timeframe
Payment Cycle
- Once the client has verified that the payroll is accurate, RBN will provide an invoice to the Client.
- Client makes payment to RBN
- RBN will then transfer salaries, according to clients request date, to staff
- Payslips will then be sent to all staff
Month End Processing
- RBN will provide Clients Financial Manager with any month end reporting data that is required
- RBN will reconcile and pay all/any third party payments to the various funds. Ie. Medical aid, provident fund, pension fund, garnishees, life cover etc
- RBN will also complete, submit and pay all statutory returns to SARS for PAYE, UIF and SDL
- RBN with submit all UIF files to the Dept of Labour
If you want an outsourced payroll system that is accurate, efficient and reliable call us now
Level 1 – B-BBEE Contributor at 135% recognition
If you want an outsourced payroll system that is accurate, efficient and reliable call or contact us now.