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…
Introduction As a Ghanaian SME owner, managing your company’s payroll can be difficult, especially given the complexities of regulations and tax laws. However, keeping employees happy while remaining legally compliant requires accurate and timely payroll processing. This guide will walk you through the fundamentals of payroll services, providing valuable insights to help you streamline your payroll processes and keep your…
We are happy to announce the release of Built Payroll, Vendor Pay, POS and Subscriptions features on our accounting and finance software. These features are part of the product roadmap we have designed to automate bookkeeping and cash flow management for small business owners to ensure that they have enough time to focus on their core business operations. Payroll We know…
What is Payroll accounting? Payroll accounting is generally about properly accounting for salaries and wages of workers, taking into consideration the statutory obligations that arise and then making payments for them within the required time and with the right documentation. It hinges on 3 pillars: the terms of employment, the policies of the company, and the laws of the land.…
There are two ways that a business can account for its transactions: manually through the use of notebooks/exercise books or electronically through the use of accounting software. Each of these has its merits and demerits. However, the benefits the use of accounting software comes with is invaluable and far surpasses the manual approach. In this piece, I take you through…