Payroll Processing Services
Every business has to go through the complex process of preparing salary for its employees in an accurate and timely manner. How do you factor in reimbursements, loan advances, leaves, and other such dynamic HR inputs while managing varied salary structures? Are you able to comply with the statutory and tax regulations (that change from time to time) while managing all of that? If not, you should consider payroll outsourcing companies.
Cogneesol specializes in payroll processing services, providing 99% accuracy through its team of highly qualified chartered accountants who focus exclusively on the payroll. We ensure confidentiality completely while providing transparent employee communication, meeting statutory requirements, and doing basic payroll calculations so as to provide end-to-end business payroll processing.
Our Payroll Services
- Paycheck and payroll sheet creation
- Tax preparation for deposition to state and federal agencies
- Calculation of state and federal taxes and check creation
- Annual, quarterly and monthly returns on a state-wide basis
- Preparation of state and federal returns
- Based on the inputs we receive from you, we maintain monthly payroll processing and master data
- Based on the requirements of your employees and management, we offer you various output reports
- We prepare and submit all statutory returns with government authorities, as required
- We perform the activities required for collection and vetting of investment proof at the end of each year
- We take care of the management of finance reporting, usage, balances, accrual calculation and approval of leaves of your employees
- We also manage reimbursement against expenses, including reporting, balance computation, vetting of documents, approval, and submission of claims
- We can interact with the authorities concerning registration of your company, such as, with income tax, labor welfare, provident fund, ESIC, and professional tax authorities
We Support Multiple Accounting Software
With expertise in every accounting software and platform, our team of highly skilled professionals offer fast learning curves and swift implementation of solutions.
Our Key Differentiators
Reliability and Accuracy
Reliability and accuracy are assured with our payroll processing outsourcing services as we have been doing it successfully for the last 15 years.
When we take care of your payroll process, you get the opportunity to reduce the operating costs by eliminating the need to invest in software and IT.
We are experts when it comes to handling the payroll process in compliance with the legislative requirements, avoiding any scope of a tax penalty.
Effective Time Utilization
With us on board, you will be saving time at large and having an opportunity to utilize the same for focusing more on your core business activities.
Flexibility, accuracy, and timely delivery is what you will get with our services, along with enhanced management productivity and information.
We are available round-the-clock to address any of your concerns regarding your payroll process, as we genuinely believe that our success lies in customer satisfaction.
Why should You opt for Payroll Outsourcing Services?
Outsourcing services have redefined the way back-office processes are handled worldwide. This is the reason it has got immense recognition and acceptance in almost every industry today.
By outsourcing your payroll tasks to us, you can free up considerable bandwidth, resources, time, and equipment and help gain more control over the payroll process. This is more beneficial than setting up and managing payroll in-house.
We have more than 15 years of experience in business payroll processing and can process a considerable number of payroll records on a monthly basis. We provide more than in payroll processing and are considered as a preferred partner for a substantial number of clients.
In a nutshell, we take all your payroll processing concerns away and let you focus on business growth and scalability.
We help our clients navigate from where they are to where they aspire to be through our always-on learning agenda in the form of client stories and blogs covering the latest industry trends.
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It is always a pleasure to learn that the work we do has positively impacted our clients and that they are happy to share their experiences.
Despite the severe constraints during peak COVID-19 lockdown, we could credit salaries to our entire staff on time thanks to Cogneesol’s continuous support through the month in payroll management. Cogneesol has turned out to be the perfect partner during this terrible pandemic. They handle our end-to-end payroll operations, give us reconciliation reports every month-end, and free us of salary disputes and discrepancies, giving us the bandwidth to concentrate on strategic matters.
Cogneesol established stringent quality parameters and timelines right at the beginning of our association. Owing to these SLAs, our payroll process underwent a transformation within a short period. Soon we had streamlined validation and review processes that were both in-depth and time-saving. With timely payouts, our employees, too, are a satisfied lot. We are grateful to Cogneesol for these efficiencies! Thank You!
Payroll management took a great deal of time at our end until we took the services of Cogneesol. They brought in technology for self-declaration of details, automated claims submission, leave records, and manager approvals saving time and eliminating inaccuracies and delays. This brought down the payroll cycle significantly and has led to increased employee satisfaction. The process efficiencies brought in by Cogneesol have resulted in huge cost savings.