Product Review DIY Accounting Paye and Payroll Software

DIY Accounting Payroll Software is unusuallythe gross numbers to date. The Payslips all preset
written on a series of excel spreadsheeton payslip templates can be printed at any time
templates, Three versions of the small businesson normal A4 copy paper being another money
payroll system are available dependent upon thesaving feature of the paye solution.
number of employees, being a payroll solution forThe income tax and national insurance deducted
up to 5 employees, up to 10 employees and upthroughout the financial year are automatically
to 20 employees.collected by the payroll software on an excel
DIY Accounting Payroll Software is unusuallycopy of the Employers Annual return, the P35. An
written on a series of excel spreadsheetexcel copy in the same format as the inland
templates.revenue form which can be simply printed out
Three versions of the small business payrollenabling the payroll figures to then be entered and
system are available dependent upon the numberfiled online for employers to both avoid late
of employees, being a payroll solution for up to 5penalties and receive the online tax free bonus
employees, up to 10 employees and up to 20available.
employees.It is also worth noting that the payroll software is
The basic details of each employee are enteredvery easily integrated into the DIY Accounting
on an Employee Details worksheet includingsoftware simply by saving the payroll files in the
personal details such as name, address, startingsame folder as the accounting files providing a
date, income tax code and national insurancecomplete accounting and payroll solution for users.
details. Details which every employer needs toPayroll Software Weaknesses
mantain anyway to satify the requirements ofThe DIY Accounting payroll system does not deal
operating a paye scheme. The payroll softwarewith income tax K codes. The income tax code K
then uses these details particularly of income taxis used infrequently being applicable to those
code and national insurance dates to calculate theemployees whose taxable expenses exceed the
income tax and national insurance deductions.income tax allowance and is often never seen by
Once the employee details have been enteredmost employers.
running a paye system couldnt be easier.Employer statutory sick pay and maternity leave
The payroll software pre-enters eachrequire to be entered manually. A small price to
employees name on the payroll each week orpay since the statutory payments are not
month and simply entering the employee grossfrequent and easily looked up on the employers
pay triggers the payroll to automatically calculateCD-Rom as required.
income tax and national insurance contributionsThe quoted package sizes of 5 employees, 10
including the employers national insuranceemployees and 20 employees include all
contribution using the standard income tax andemployees during the year including new starters
national insurance tables which are embeddedand leavers and it is important then to obtain a
within the files supplied with the payroll softwarepackage likely to be in excess of the total
system.number of expected employees to avoid changing
Having calculated the net pay the payroll softwarethe payroll solution during the financial year.
then goes that extra step and automaticallyPricing
completes the time consuming paye deductionAt £14.99 the small business payroll software
sheets, all arranged in the same appearance asfor up to 5 employees including starters and
the official inland revenue deductions sheet forleavers is almost a giveaway price with many
recording income tax and national insurancecompetitive products priced much higher. The 10
deductions. The inland revenue forms file includedemployee payroll version is £19.99 and the 20
in the payroll solution also has copies of the P60employee payroll version just £24.99.
employee certificate, P45 leavers certificate ifConsidering the considerable paye administrative
required and the P14 which is a summary of thework these products save. The packages are not
pay, income tax and national insuranceupgraded each year with employers purchasing
contributions made by each employee. Thisthe new package each financial year.
feature of the payroll software is extremelyConclusion
valuable in saving employers using the smallExceptionally good value, the payroll system is
business payroll solution a great deal of time invery quick and easy to use and produces exactly
paye administration.what every employer requires from a small
Many payroll software systems require thebusiness payroll solution. Accurate income tax and
purchase of payslip stationery. The DIYnational insurance contribution calculations,
Accounting payroll software is different in thissignificant reduction in paye administration time,
respect. First of all the payslips are all generatedregular payslips for each employee, compliance
automatically from the information in the payrollwith paye administrative requirements and the
file which shows the weekly or monthly gross andsatisfaction and valuable tax free bonus prize of
net pay, income tax and national insurance andproducing the payroll on time.