Celebrating International Accounting Day

As the saying goes, behind every good business is a great accountant. Today is International Accounting Day and to honour the thousands of accountants across the country (and around the world), we’re celebrating by letting you in on the ways accountants can streamline their payroll processes like never before and ultimately, become more profitable.

Cut 90% of your workload on static payrolls

Do you process payroll for a lot of static payroll and single director clients? Taking on these types of clients is often perceived as a waste of time, considering how little profit is generally made from them. However, what if we told you that you could reduce 90% of the time you spend on these static payrolls?

With a batch payroll processing tool, such as BrightPay’s, you can batch process all your static payrolls in just one click. Let’s take a look at some real time-saving statistics we got from our customers. Say that you have 25 static payroll clients and on average it takes almost two hours to process their payrolls each pay period. If you used a batch processing tool, this could be reduced to just seven minutes. Imagine how much time your practice could save not just each pay period, but each year, with this feature in your toolkit.

Pass some of the workload to your clients

The speed of your payroll services, in most cases, can be determined by the tools you use to automate your workflow, and streamline communication. One of the best examples of this is technology that lets you pass some of your payroll responsibilities over to your clients. In BrightPay’s cloud extension, BrightPay Connect, clients can enter their own updated payroll information, such as any additions and deductions or new starter information, from any device. Once they enter this information, you can check and approve the changes, which syncs back to the payroll software. This can streamline how you communicate with your clients, while simultaneously lightening your workload.

Make payments in 90 seconds

Does your practice still use the Bacs payment system to pay employees? While Bacs is still a popular payment method, it’s quite outdated compared to the more advanced alternatives out there. One of these systems being Faster Payments. Rather than wages taking up to three days to land into employees’ bank accounts, once payments have been processed, with Faster Payments it only takes 90 seconds to pay employees, HMRC and subcontractors.

An example of this can be seen in BrightPay’s integration with Modulr. With this integration, you can make payments directly through your payroll software, in just 90 seconds. It also means that you no longer have to create and manually upload bank files, making payments a more smooth and seamless process.

Some more ways you can save time

By using BrightPay Payroll Software and our cloud extension, BrightPay Connect, there are even more ways you can save time. Including direct API integration with accounting software providers, auto enrolment functionality, client access to payroll reports, and much more.

Interested in trying out BrightPay? As it’s international accounting day and global bookkeeping week, we’re offering free 15-minute demos of our cloud extension, BrightPay Connect. Click the link below to see how our payroll and HR software can transform your practice.

Book a demo

See our cloud-extension, BrightPay Connect, in more detail with a free 15-minute demo.

This content may have been developed with the assistance of AI tools. Content is reviewed by a member of the Bright team before publication. Guidance on legislation can be obtained from your industry body.