If you're a business owner, handling payroll is just one of those things that you have to do. But if it's your first time or you're not sure how to go about the job, this guide is for you. It'll teach the different types of payroll services Australia and how they work.

In-House Payroll:

This type of system is used by the company itself. They might even have their payroll department. House payrolls rely on full-time employees and part-time employees. These systems are easy to use since the payroll is usually sent from a main computer in the office to a bank account of an employee's choice. This makes it easier for employees to see how much they get paid daily.

Bookkeeper/CPA Managed Payroll:

This type of system relies on a professional payroll service provider. This can be an accountant, a bookkeeper, or even a CPA (Certified Public Accounting). People who are used to dealing with numbers and having the ability to handle their payroll can find it quite easy. They will not have to worry as much about what's going on in their paychecks and they'll be more confident knowing that they're getting paid on time.

Agency Managed Payroll:

This is the most common type of payroll system. It's a complete package. Payrolls are sent automatically daily with out-of-date due dates being adjusted. Payments will be made on time and you'll receive your paychecks without worrying about anything more. The agency manager takes care of all the processes and company issues so there won't be any headaches with payroll-related matters.

Software Managed Payroll:

This is a type of payroll system that uses computer software. This type is almost similar to the Agency Managed Payroll but with less hands-on management. This type of system will give a company the most savings since no one needs to be hired to take care of payrolls and there's no need to pay commission fees for sales. All you'll have to do for this system is enter all employee details into the software and it will do it on its own.

Conclusion

Payroll management and bookkeeping services in Australia are crucial to any business. Handling payroll is something that you need to be able to do. The good thing about this kind of management is that it's not only relevant for employees but pretty much everyone related to your company. In the end, this way of providing your employees with their salaries will save you a lot of time and money and make them happy as well.

4 Different Types Of Payroll Systems You Need To Know!