Tech­nol­ogy

NZ Business - - PAYROLL & ACCOUNTING MATTERS -

Pay­day fil­ing in­volves your pay­roll in­for­ma­tion be­ing sent elec­tron­i­cally from your pay­roll soft­ware to IR with ev­ery pay run. This new se­cure di­rect con­nec­tion to IR will re­quire an up­grade to your pay­roll so­lu­tion. If your op­er­at­ing sys­tems are old, they will also re­quire an up­grade.

It is es­ti­mated that 60% of pay­roll pack­ages in use to­day will need to be re­placed.

Ask your ex­ist­ing pay­roll provider:

When your pay­roll so­lu­tion will be ready for pay­day fil­ing If they of­fer mul­ti­ple pay­roll prod­ucts, where does your so­lu­tion sit on their pri­or­ity roadmap? If they are ra­tio­nal­is­ing their prod­uct of­fer­ings and push­ing you onto a newer cloud prod­uct, make sure the func­tion­al­ity on the ac­count­ing side (pay­roll and ac­count­ing soft­ware are usu­ally in the same suite) will not go back­wards or be in­fe­rior to what you could get by hav­ing a broader re­view of your op­tions

Think about whether you have out­grown your cur­rent so­lu­tion:

Es­pe­cially if you have stock and debtors (like whole­salers, dis­trib­u­tors and man­u­fac­tur­ers) Fa­cil­i­tate dis­cus­sions on the six bar­ri­ers fac­ing medium busi­nesses. Are any of th­ese rel­e­vant to your busi­ness? Con­sider whether there are op­por­tu­ni­ties to im­prove other ar­eas of your busi­ness at the same time

De­ci­sion check­point – de­cide now whether your pay­roll so­lu­tion will be up­graded or re­placed for pay­day fil­ing

If an up­grade is suf­fi­cient, get your­self on the lat­est ver­sion of the soft­ware now. This will min­imise the im­pact of any fi­nal pay­day fil­ing up­dates closer to the 1 April 2019 dead­line

You should also check for any cus­tomi­sa­tions or add-ons that may be im­pacted by the up­grade

If new soft­ware is re­quired, you need to use a pay­day fil­ing en­abled com­mer­cial pay­roll soft­ware like At­taché Pay­roll

Re­gard­less of your ap­proach, check your hard­ware and soft­ware spec­i­fi­ca­tions are ro­bust enough to meet all pay­day fil­ing re­quire­ments

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