Answers to some frequently asked questions.
1. What is Quantum Software?
Quantum Software by Snow Technology is an efficient payroll solution designed to suit a wide range of industries and sectors. The Software is highly intuitive and easy to use and is modular based enabling organisations to build onto the payroll software as required.
2. How to set up payroll in Ireland?
First you need to register as an employer with Revenue and the Irish Business Office (CRO) before you can start processing payroll in Ireland. This will give you a Employer Registration number. Once you have this you can then source a payroll provider such as Snow Technology and then start processing payroll.
3. What do I need to run a payroll for a small business?
You would need a payroll software such as Quantum Payroll by Snow Technology, that would meet your requirements as a small business. Once you have chosen the right Payroll Solution for you such as Quantum Payroll then you can begin to pay your employees.
4. Can I change my payroll software Mid Year? Mid Quarter? Mid Month?
You can change your payroll software at any time. When changing your over to Quantum software we would suggest that you would finalise off your latest payroll period and then we can start building the payroll within the Quantum database.
5. What is GDPR compliant payroll software?
Payroll processors handle a large amount of sensitive employee information and it is one of the key areas of a business that needs to be adequately protected. The changes to data protection policies places greater emphasis on safeguarding the personal employee information managed by you. An employer or business is classified as a data controller as they are responsible for the personal data that their business holds. Employers are required to provide employees with information as to what happens to their data, as to how long their information will be stored and details of any sub-processors or third party data processors who access and manage their data. Employers can include this in the company handbook or on a data protection policy that is displayed in the office. Quantum Software strictly adheres to the requirements of the data protection legislation including GDPR legislation.
6. How does payroll software work?
Payroll software manages, maintains and automates payments to employees of all types including salaried & hourly employees. It is designed to simplify tasks making it easier for staff to manage. • Step 1: Ensure all paperwork for your employees is complete and up to date. • Step 2: Set up a payroll schedule of when you want to pay your employees • Step 3: Calculate your employees' gross pay, considering if they're salaried, hourly, or have any additional pay or deduction elements per period. • Step 4: Make deductions for taxes, USC & PRSI,or any other reductions. • Step 5: Pay your employees & submit your payroll to Revenue.
7. What are the steps to setting up a payroll bureau?
Many businesses would choose to use a paid payroll software over manual processing as it can: • Work out payroll calculations & deductions faster • Calculate out all payments including bonuses, holiday pay & Salary Sacrifice • Calculate out all deductions including Pension, Union & Loans • Generate out per period payslips • Easily communicate with Revenue to receive Employee tax credits and Submit any payments made to employees on a per period basis. • Manage Payroll Journals entries • Store your data for all annual reports & hold historical payslips for the minimum amount of years required.
8. Why should I choose a paid payroll software?
Many businesses choose to use a paid payroll software over manual processing as it can: • Work out payroll calculations & deductions faster • Calculate out all payments including bonuses, holiday pay & Salary Sacrifice • Calculate out all deductions including Pension, Union & Loans • Generate out per period payslips • Easily communicate with Revenue to receive Employee tax credits and Submit any payments made to employees on a per period basis. • Manage Payroll Journals entries • Store your data for all annual reports & hold historical payslips for the minimum amount of years required.
9. How payroll can help HR?
Attendance tracking, Payroll can provide HR with all payment breakdowns for salary & any other payments & deductions like sick pay or pension.
10. How will I change my current payroll provider to Quantum Payroll
All you have to do is contact us and let us assist you with the move. Once you have decided to move to Quantum Payroll then we will make it as easy as possible to get your payroll up and running in the shortest time possible.
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