Online Payroll Software | Goskat
While there are many crucial things a business owner has to think about, paying their employees is definitely one of them. And, to do so, you require a good and tested online payroll software that helps reduce your burden of managing invoices, creating fresh accounts, producing payslips on time, storing all employee details, and obviously paying them.
Revolut is one such platform that understands all your needs and helps simplify the payroll distribution system so that no employee has to face any troubles getting their hard-earned money into their accounts. Whether your employees are in the same country as you or in another corner of the world, the platform even offers easier and quicker international transactions.
This article helps you understand how easy it is to manage the best employee salary software and what additional features Revolut provides to keep your business well organized.
5 Easy Steps to Accessing the Revolut Online Payroll Software
5 Easy Steps to Accessing the Revolut Online Payroll Software | Goskat
For effortless customization of employee salaries and saving time in calculations, Revolut provides you a powerful online payroll software with easy access in just 5 steps.
1. Setup Payrolls Instantaneously
The first step is to quickly create the company account on Revolut by sharing a few details, like in which country you want to set up the account and your email address or contact information. Once your account is ready, you can add team members to your company, fill in all their basic details, and schedule the payments. You don’t even need a spreadsheet to keep tabs on records, as Revolut will hold all your records in the app, and it doesn’t even take all day to set up your account; it only takes minutes to do so.
2. Build Revolut Business Account
Whether you want a freelancer account or a proper business account, you don’t have to use different online payroll software. You can do so within your established account by adding your employee and business details, calculating all the taxes in one place, and paying salaries to your employees. With Revolut’s online payroll software, you don’t need any third parties for payroll processing.
3. Manage Required Changes
Every employee you hire is special to your company, and Revolut understands that. Hence, you can customize payments according to every employee level. Whether you want to add any bonuses or do any salary deductions, Revolut will do all the calculations in real-time for you. You can even tailor the salary schedules hassle-free according to each and every employee’s needs.
4. Automatically Connect to HMRC
When you decide to run an online payroll software yourself, you need to find one that easily connects you to HMRC (HM Revenues and Customs). With Revolut’s account, you get directly synced up with HMRC and receive daily updates automatically. You can easily make changes to your employee tax codes or student loans. And you can track all the changes through the Full Payment Submission reports that you receive monthly.
5. Employees Withdrawing Salaries
Once the setup and HMRC connection are all done, your employees can easily withdraw their salaries without any issues. You can even give your employees or team members some of their hard-earned money whenever they require it through the On-Demand Pay option. The On-Demand Pay Option lets your employees withdraw a portion of their salaries by paying a small-fixed fee that Revolut charges.
Stay organized with additional smart tools offered by Revolut
Stay organized with additional smart tools offered by Revolut | Goskat
Apart from providing quick salary processing services, business owners can even organise the process by using smart tools offered by Revolut for more seamless operations.
1. Send and Receive Payments
Whether your employees are in the same country as your business or sitting on a different continent, you can easily send or even receive payments from anywhere around the world with Revolut. The company provides faster payments, low rates, and next-day settlements all in one place.
2. Smarter Invoice Generations
With Revolut, you get a smart invoicing system that easily creates and sends invoices from your accounts to others through the web or mobile application. You can even set automatic reminders to increase efficiency and add multiple payment options to send or accept payments from your account.
3. Revolut Debit Cards
Empower your team members with your own company’s virtual and physical debit cards for secure transactions. You can set the limits, track, freeze, or unfreeze the expenses, and decide when and where these cards will be used. Picking Metal Cards for you and your power players makes quite an impression on your employees.
4. Safety and Protection
The last and most important feature offered by Revolut is safer and more secure transactions. Opt for the anti-fraud system that keeps your card details and all the transaction details hidden and provides an extra verification layer to save you from online fraud and protect your business.
Conclusion
Choosing the right online payroll software that fulfills all your company’s needs is a must. And, with so many features and added security offered by Revolut, it surely makes up to be one of the best online payroll software you can invest in. From maintaining records of your employees to calculating deductions and bonuses, the company covers the process of the payroll system for employees quite significantly. So, what are you waiting for? Register your business right away on the portal and pay your employees hassle-free. For more such information, visit GoSkat.
