Accountant-centric solutions add a new dimension to payroll processing.Sponsored by Accountants World The Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the has given birth to a new class of Accountant-Centric payroll payroll a list of employees, their salary rates, tax deductions, amounts paid, payroll tax, long service leave entitlements. solutions that make it much easier for accountants to offer client payroll services. Accountant-Centric payroll solutions utilize Web-based processing centers that have been specifically designed to enable accountants to easily offer highly profitable client payroll services. Accountant-Centric payroll processing centers give accountants the same capabilities--processing power, automation, and economies of scale--that were previously available only to the payroll service bureaus A payroll service bureau is an accounting business whose main focus is the preparation of payroll for other businesses. Such firms are often run by Certified Public Accountants, though a typical payroll processing company will refer to itself as a service bureau rather than a CPA . With Accountant-Centric payroll processing, accountants or their clients simply enter data and print paychecks using a secure internet gateway (1) See cable/DSL gateway. (2) A router or server that converts IP packets to IPX, AppleTalk or some other non-IP format and vice versa. It is used to connect non-IP networks to the Internet. . The Accountant-Centric processing centers perform the rest of the payroll processing tasks--direct deposit, federal and state tax payments, tax form filings, W-2s, payroll reporting and more When an accountant A person who has the requisite skill and experience in establishing and maintaining accurate financial records for an individual or a business. The duties of an accountant may include designing and controlling systems of records, auditing books, and preparing financial statements. uses an Accountant-Centric payroll service, it is just like having his own payroll processing center. Accountants can brand Accountant-Centric solutions as their own and allow their clients to access payroll through the accounting firm Web site. Since Accountant-Centric solutions are offered only to accountants, the accountant need not worry about competing with a large payroll service bureau that may offer the same services to the accountant's clients. Another major advantage of AccountantCentric payroll solutions is that accountants can customize these solutions to meet the unique needs of each client. The client sees only the functions that the accountant gives them access to, simplifying processing and reporting while strengthening the accountant-client relationship. Accountants often let their clients enter data and print checks theselves, reducing the accountant's workload The term workload can refer to a number of different yet related entities. An amount of labor While a precise definition of a workload is elusive, a commonly accepted definition is the hypothetical relationship between a group or individual human operator and task demands. while saving the client money. Accountant-Centric solutions add a new dimension to traditional payroll processing channels. It is time for accountants to take a fresh look at offering payroll services to their clients. |
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