This option usually entails the automatic filing and payment of payroll tax returns and deposits to the appropriate government agencies. The payroll provider then assumes full responsibility for the accuracy and timeliness of this service and will cover any penalties that were caused by the preparer's incorrect filing. Direct deposit This option provides a convenient and secure way to pay your employees. Every pay period, your employees' payroll is automatically deposited into their bank account at the bank of their choice. Employees are assured their money is in their account every pay period, regardless of bank or business holidays or vacation schedules.
Less time is wasted at the bank by both employers and employees.
And lost checks are non-existent. Employers receive voided payroll statements for their employees as well as management reports. Check signing Rather than having to sign every pay check individually, the check signing feature allows a computer-generated signature to be printed on each check. Some payroll providers invite their clients to join them on the information highway with their payroll data. For example, Paychex, Inc. offers a couple programs that utilize IBM-compatible personal computers.