This is a very effective solution especially for employers who do not have salaried accountants due to the small number of employees in their business.
Payroll accounting involves many steps and procedures inherent to personnel and payroll records, starting with preparation of employment contracts, to registration with all relevant authorities, calculation of gross and net salaries and other related payments.
The client will receive payroll documentation for the payment of employees’ salaries in the form of payslips and summaries for social security and insurance departments.
An annual end of year tax statement is processed along with registration for compulsory pension contributions, which are required by law.