How Information Technology (IT) Empowers Accounting in SMEs

Keeping track of your business’s money can be a headache, but fortunately, technology can be your superhero! Easy-to-use software helps small businesses like yours manage finances, see what’s selling well, and make good choices to grow. WAYS IN WHICH IT MAKES THINGS EASIER No more paper mess! First, information technology solutions like accounting software handle invoices and bank statements for…


The built accounting software is an exceptional tool for managing inventory of business. With its amazing features, the application allows businesses to easily keep accurate records of their stocks. Enhancing proper inventory control at a lower cost. Stock management is a crucial aspect of any business. If stock is not managed effectively, it can cause financial losses. There are instances…

Income Tax Filing In Ghana: Comprehensive Guide

Income Tax Filing in Ghana: Comprehensive Guide

In Ghana, income tax filing is a mandatory requirement for individuals and businesses to comply with the regulations set by the Ghana Revenue Authority (GRA). This comprehensive guide covers the essential details of income tax filing in Ghana. It also emphasizes the importance of compliance with tax laws and regulations. Income tax filing involves submitting an official document by the…

Budget Like a Pro: Built's User-Friendly Budgeting Tool

Budget Like a Pro: Built’s User-Friendly Budgeting Tool

Struggling with a complicated spreadsheet that leaves you confused? Built’s budgeting tool is your knight in shining armor. This user-friendly feature simplifies budgeting, allowing you to create, track, and analyze your finances with ease. Get ready to see your financial planning go from a frustrating mess to a goal-achieving cruise! Budgeting Made Easy Built’s budgeting tool eliminates the complexity of…

Unlock Financial Freedom: Six Secrets to Stellar Sales Collections

Unlock Financial Freedom: Six Secrets to Stellar Sales Collections

“Sales collections can feel like a chore. Any tips to make it easier?” “Wait, are you saying that all the cash in our account this year is from sales?” “Why the differences between the deposit slips and the cash collected in December?” “Spending cash from sales before depositing the balance, can you clarify?” “Can we verify if all cash sales…

Payroll service in Ghana: what you should know

Running a business in Ghana is exciting, but let’s face it, payroll can be a beast. Between navigating complex tax regulations, ensuring timely payments, and keeping your employees satisfied, it’s enough to make anyone reach for the Panadol Extra. But fret not, entrepreneurs! This comprehensive guide is your roadmap to smooth payroll sailing in Ghana.

Why Outsource Payroll in Ghana?

Time is money, and payroll takes a hefty chunk. Outsourcing your payroll to a reliable provider frees up your time and resources to focus on what you do best – building your business. Here’s what you gain:

  • Accuracy and Compliance: Local experts stay on top of ever-changing tax laws and social security contributions, ensuring you avoid costly penalties.
  • Efficiency and Automation: Say goodbye to manual calculations and spreadsheets. Modern payroll systems automate tasks, saving you time and minimizing errors.
  • Reduced Costs: Outsourcing can be surprisingly cost-effective, eliminating the need for in-house payroll staff and software.
  • Improved Employee Relations: Timely and accurate paychecks boost employee morale and reduce stress, leading to a happier and more productive workforce.

Essential Services of a Ghanaian Payroll Provider:

  • Salary Calculations: Accurately calculate gross pay, deductions, and net pay for all your employees, including overtime, bonuses, and leave allowances.
  • Tax Deductions and Remittances: Handle the complexities of Pay As You Earn (PAYE) tax, Social Security National Insurance Trust (SNNIT) contributions, and other statutory deductions, ensuring timely remittances to the relevant authorities.
  • Multi-Currency Payroll: Manage payroll for employees in different currencies, a must for multinational companies operating in Ghana.
  • Reporting and Analytics: Generate comprehensive reports on payroll data, providing valuable insights into your workforce costs and trends.
  • Employee Self-Service Portal: Empower employees to access their pay stubs, update their information, and request leave directly through a secure online platform.

Choosing the Right Payroll Provider in Ghana:

Not all payroll providers are created equal. Look for these qualities:

  • Local Expertise: Ensure they have a deep understanding of Ghanaian tax laws, regulations, and best practices.
  • Robust Technology: A secure and reliable payroll platform is crucial for data integrity and smooth processing.
  • Scalability: Choose a provider that can grow with your business, accommodating your future needs.
  • Customer Service: Responsive and knowledgeable customer support is essential for resolving any issues quickly.
  • Competitive Pricing: Compare fees and services to find a provider that offers good value for your money.We wrote more on this here

Bonus Tips for Smooth Payroll in Ghana:

  • Clear Communication: Maintain clear communication with your employees about payroll policies, deductions, and payment schedules.
  • Regular Reviews: Schedule regular reviews with your payroll provider to identify and address any potential issues.
  • Stay Informed: Keep abreast of changes in tax laws and regulations to ensure compliance.

Investing in a reliable payroll service in Ghana is an investment in your business success. By freeing yourself from the burden of payroll complexities, you can focus on what truly matters – driving growth and achieving your entrepreneurial dreams. Contact [email protected] for a discussion on this or visit for our payroll solution.

Implementing Payroll Outsourcing Successfully

Payroll Outsourcing in Ghana – Part 3: Implementing Payroll Outsourcing Successfully

Once you’ve chosen the right payroll outsourcing provider in Ghana, the next crucial step is to ensure a smooth and successful implementation. This requires careful planning, communication, and ongoing monitoring to maximize the benefits of your partnership. Key Steps for a Smooth Transition: 1. Define clear expectations and scope of work: Clearly define the services the provider will handle and…

How does payroll work in Ghana

Understanding how payroll works is crucial for businesses in Ghana to ensure smooth operations, regulatory compliance, and employee satisfaction. In this guide, we’ll unravel the intricacies of payroll in Ghana, providing clarity on the processes, regulations, and best practices. 1. Employee Registration: The payroll process begins with the registration of employees. Employers collect necessary details such as tax identification numbers…

choosing right payroll app for your business

A Guide to Choosing the Right Payroll Software for Your Small Business in Ghana

Managing payroll can be a daunting task for small business owners in Ghana. As your business grows, so does the complexity of payroll management. To streamline your financial processes and ensure compliance with local regulations, investing in a reliable payroll software solution is essential. In this article, we’ll guide you through the process of choosing the right payroll software for…