Skip to main content

Choosing the Right Payroll Software for Your Restaurant



Restaurant owners have to juggle many different responsibilities at once. You have to take charge of running the business operations, ensure optimal hospitality for your guests, and manage employees. One of the biggest challenges, especially if you are not an accounting professional, is restaurant payroll. To give payroll the attention it requires, many restaurant owners are adopting payroll software for their business. The use of the payroll software not only increases the efficacy but can also make the entire payroll process as hassle-free as possible for the owners.

Benefits of Payroll Software

1. Accurate Labor-Planning
Payroll software plays an important part in tracking labor. It is essential to have a clearly defined employee role and pay before a new employee is hired. Labor planning gets more efficiency if a clear on boarding plan for new employees is maintained. It not only helps you to integrate them smoothly, but also helps in setting up the right tax bracket, properly plan employee schedules, and collecting the right paperwork. Using payroll software for setting up new employee profiles with all their information eliminates the need to manually refer to the data while planning employee payroll and schedule.
2. Automated Calculation of Wages
With the introduction of payroll software, you can say goodbye to Excel sheets and calculators as it helps to calculate wages automatically. It is a pain to calculate shift premiums like overtime, split shifts, and statutory holiday pay, especially when the employees are paid different wages. Also, if your payroll runs in multiple states or provinces, the eligibility and calculation rules can vary. This is where payroll software comes into play and solves these major challenges. It also minimizes the chances of human errors in calculations.
3. Efficient Timekeeping
Payroll goes hand-in-hand with timekeeping. Payroll software automatically funnels manager approved hours to your payroll provider. Hence, integrating payroll software with time tracking system saves you time and money and helps to streamline your payroll process. You save on payroll expenses when you minimize the steps and time taken to process the work hours. 

Choosing Payroll Software

For finding the right solution to all your needs, there are a number of things that you should keep in mind while choosing payroll software for your restaurant.
1. Number of Employees
It is important to keep track of how many employees you need to process the payroll for as many payroll solutions are divided and priced by the employee number. Make sure to include starters and leavers because even if someone leaves, their details will still remain in the payroll software for year-end reporting. 
2. Number of Users and Companies
Get a clear idea of the number of companies/clients that your business has to process the payroll for, as it is important to check if the software you want to purchase includes the license for the required number. Similarly, if you plan to install the software on a server to allow multiple users to access it remotely or from a local server, make sure that your software and license allows the same. 
3. Legislation Compliance
Make sure the software package you use is legally compliant.
4. Mobility Requirement
A cloud payroll software will cater to your needs if you have a requirement to process payroll from multiple locations or if you would like to have access on the move from mobile devices. Providing you access from anywhere; cloud packages also have an option where you can pay on a monthly basis. 
5. Is a Trial Available?
Trying out a payroll software before you go ahead and buy it gives you a chance to evaluate the software against your requirements. Many providers give an option of a trial period before you can commit to buying a software. This gives you the satisfaction that what you are investing on, will work for you.
6. Have you Used Payroll Software Before?
If you have used any payroll software previously on training courses or employment, and you found it helpful, it is advised to go ahead with a familiar software as it will allow you to hit the ground running. If you were not satisfied with your previous software, evaluate the reasons why and make sure your next choice does not reflect the same.
7. Integration Issues
If you want your payroll software to be integrated with bio metric systems or need to import information from other software, check in advance that your payroll software package allows the same. Be informed on which integrations and import features are available.

Integrating Payroll Software 

Before you begin your payroll software implementation in your business, here are some things to keep in mind. 
1. Manage Previous Payroll Records
Entering previous payroll details into your new software is important not only for the continuity, but also for the accurate calculation of taxes and deductions. 
2. Collect Data from Different Systems
It may seem time-consuming, but it is essential to collect the data from the existing systems that were used to house the employee details. All the data, like Leave & Attendance, Taxation, etc., should be collated so that it can be integrated with the new payroll software.
3. Clear Tax and Compliance Issues
Ideal payroll software should be able to calculate taxes automatically and accurately so that it is easy to stay in compliance with all the legal requirements and regulations.
4. Set up a Maker-Checker System
The principle of the maker-checker system is that for processing the payroll, two individuals will be involved; One who makes the payroll and the other who approves it. Defining this system in your payroll process ensures that proper checks and control are applied, and there is no scope of error. 
Many businesses have integrated payroll software in their payroll processing task because of the  advantages that it provides. The restaurant business is no different as the use of payroll software has eased the accounting of many owners. Just choose your payroll software wisely, considering your business requirements, and you are good to go.

Hope you liked this blog. If you are looking for opening a restaurant, looking chefs for your restaurant, interested in taking the food franchise then SelectDine is here to help you. Call us or visit our website to know more.

Comments

  1. You have shared a nice article here about the Payroll Software. Your article is very informative and useful for those who are looking for the best Payroll Software. Thank you. environmental services software

    ReplyDelete
  2. I admire this article for the well-researched content and excellent wording. I got so involved in this material that I couldn’t stop reading. I am impressed with your work and skill. Thank you so much for publishing nice information about payroll software. Subscription Management Platform Singapore.

    ReplyDelete
  3. You have shared such outstanding post about payroll software which is also quite interesting and informative also. You are doing such a wonderful job. Best Payroll Software Ghana.

    ReplyDelete
  4. Hello I am so delighted I located your blog, I really located you by mistake, while I was watching on google for something else, Anyways I am here now and could just like to say thank for a tremendous post and a all round entertaining website. Please do keep up the great work. Payroll Software in India

    ReplyDelete
  5. The article you have shared here about this topic is really significant for us. I'm happy that you have shared this great info with us. Keep posting, Thank you. Best Software for Writing Procedures

    ReplyDelete
  6. You have mentioned here great information here. I would like to say this is a well-informed article and also beneficial article for us. Keep sharing this kind of articles,app for bookkeeping. Thank you.

    ReplyDelete
  7. A soft skill is a personal feature that sustains situational recognition as well as boosts an individual's capacity to get a work done. Unlike tough abilities, which explain an individual's technological capability to carry out a specifically-defined job, soft abilities are generally appropriate across task titles and markets. Soft skills Training

    ReplyDelete

Post a Comment

Popular posts from this blog

Own Chai Sutta Bar in 15 lakhs

Chai Sutta Bar is a premium brand which is currently franchising in India. Chai Sutta Bar headquartered in Indore was established in 2016 and since then operates twenty-six outlets across India.Chai Sutta Bar has various types of outlets that you can open if you choose to invest, which includes both sit-down and quick service models. The brand additionally offers operating manuals, expert guidance from head office, billing systems, and on-field assistance for the franchisee. Offering a high profit margin at a low investment cost along with excellent support, you can own a Chai Sutta Bar in 15 lakhs, should you choose to invest. To know more about this brand’s investment details, visit our website to know more .

Restaurant Management Software For Your Business

Restaurant owners most of the time, have to contend with the daily grinds of running their businesses. Managing a restaurant is undoubtedly one of the most daunting tasks that an entrepreneur can undertake. Restaurant management involves lot processes that if done right, would ensure the smooth flow of the enterprise and even increased profits. However, doing all the hard work does not cut it when it comes to restaurant management. Many restaurants end up earning pretty much the same despite best efforts on the part of restaurateurs and managers. This is especially true for small restaurants. Many mom-and-pop operations still contend with the hassles of keeping up with the daily requirements of food service such as menu planning, order taking and inventory update. Fortunately, many technologies are being developed to aid restaurant owners in their everyday undertakings. These technologies take the form of devices and solutions designed to make restaurant owners’ lives a li

10 Fun Facts About Cleaning Franchises

Cleaning services are a dynamic, in-demand service that has grown consistently in the US. It includes commercial and residential cleaning along with specialty services like bio-hazardous materials removal, mobile car detailers, and dry cleaners. Be ready to sell. While many people use cleaning services, client turnover can be high (as high as 55% each year). Since a well-done job gets few kudos, a company is only as good as its last job. Which means the sales job never ends, and good quality counts. Consistently good service combined with diligent sales will contribute to revenue growth. Commercial office cleaning is the largest segment of the cleaning industry, employing 40% of all janitors and cleaners. And because residential cleaning services are more negatively impacted by an economic downturn, the jobs and companies that are focused on commercial work are more stable. People may choose to clean their own homes in tough financial times, but commercial spaces will nearly a