Staff Turnover has caused inaccurate salary payment
Bonus & Commission payment delayed due to calculation issues
Delays in Sending Regulatory returns
Accounting Reconciliations pendency of payroll was for more than 4 payroll cycle
MindSpace Team has domain expertise in US Payroll Processing
We understood the current process and prepared a process flow and migration plan.
The team at mindspace worked simultaneously with US Payroll manager for initial Payroll runs Approved timesheet received by India team is collated on spreadsheet and Payroll is process on a Payroll software.
Team connects remotely to the clients server and do the bookkeeping on QuickBooks
Timely Payments to Staff
Cost Cutting to the extent of 60%
Accurate and timely payments to staff
Client has a dedicated team to work on general issues raised by staff which get replied from offshore center.
Client Staff onshore can spend time on regulatory and compliance issues more productively.
Reconciliation of payroll was made up to date with payroll returns and accounting records.