Why is Quickbooks payroll software necessary for your business?

Processing payroll is not a simple task. Employers in Malaysia are subject to numerous government entities’ rules and regulations. There are now 4 major government organisations involved in payroll and human resources. The safety and well-being of employees at work, income tax collection, and savings are the responsibility of KWSP (EPF), PERKESO (SOCSO & EIS), LHDN (PCB), and HRDF. Employers must pay the appropriate contributions to each statutory body. Failure to comply will result in a steep fine or jail time.

For the HR department, paying salaries and various contributions at the end of each month can be extremely stressful. Entering each employee’s pay and their numerous contributions into several portals can take a lot of time.

 

Which payroll software is best for your business?
Does my business require a local or cloud-based payroll system?
What distinguishes local software from the cloud?

 

Choose a cloud-based software that enables you to work whenever and wherever you want as long as you have reliable internet connectivity if your organisation has many HR personnel that operate from various places. The local desktop version is appropriate for smaller HR departments with one to two employees handling all payslips and payrolls or if HR personnel are all based in the same office.

 

Make a wise choice and select one of the most well-liked payroll software in Malaysia that is offered in both local and cloud environments if you are still unsure of the kind of payroll software that you require. Transform your data from the local to the cloud and back again without sacrificing any information or backwards-compatible records.

 

More than 250,000 businesses in Malaysia rely on SQL Payroll Software to help with payroll.

 

Both local desktop software and cloud-based SQL Payroll Software are accessible. You can decide which software programme is best for you and your business. For SQL Cloud, a monthly subscription is required. SQL also offers a rent-to-own scheme. Your SQL licence might be partially funded by your recurring payments.

 

The EPF, SOCSO, EIS, HRDF, and PCB contributions for each employee are calculated automatically by SQL Payroll, a one-stop shop for all your payroll needs. Additionally, SQL Payroll creates payment files that are prepared for submission into all of these statutory bodies’ portals. Using SQL Payroll, you can also produce payment files for salary payments that are acceptable by all Malaysian banks.

 

Applications for leave and their approval are frequently neglected when processing payroll. In most businesses, it is often handled manually and separately from the payroll process. Employees would need to print out a leave request form and submit it to HR for approval. This adds needless complexity to the process of monitoring, regulating, and reporting on leave applications and balances.

 

A fully synchronised E Leave app is available in SQL Payroll to speed up and simplify the process of applying for and submitting leaves. Using the app, employees may request leaves at any time and from any location. The manager can also accept or reject the requested leave via the app. The status of applied leave as well as the staff’s remaining vacation days will be visible. On the other side, managers will have a manager dashboard on their E Leave app where they can view the list of leaves that need to be processed as well as the staff’s leave history, leave balance, and business schedule.

 

A fully synchronised E Leave app is available in SQL Payroll to speed up and simplify the process of applying for and submitting leaves. Using the app, employees may request leaves at any time and from any location. The manager can also accept or reject the requested leave via the app. The status of applied leave as well as the staff’s remaining vacation days will be visible. On the other side, managers will have a manager dashboard on their E Leave app where they can view the list of leaves that need to be processed as well as the staff’s leave history, leave balance, and business schedule.

 

What distinguishes SQL Payroll from other payroll programmes?

WHAT DIFFERSENTIATES SQL PAYROLL FROM THE REST?

 

Permanent License Ownership

You only need to pay once to acquire SQL Payroll; there are no ongoing fees. For this software, there are no ongoing fees to be paid. You can access as many payroll processes, EA forms, government reports, annual payroll reports, and payment files as you like with this one-time purchase.

 

Unlimited File Size and Transactions

The number of monthly payroll operations and database size are unrestricted in both the desktop and cloud versions of SQL Payroll. Users will have complete access to all of their previous EA forms, paystubs, and payroll processes.

 

Paperless payroll process in its entirety

Your business no longer needs to print monthly paystubs thanks to the SQL E Leave software. The software allows users to view and download all of their prior paystub records. They can also view the last ten years’ worth of EA forms.

 

Most recent government reports

All Malaysian government reports, including EPF Borang A, SOCSO Borang 2, SOCSO Borang 3, SOCSO Borang 8A, EIS Borang 1, EIS Borang 1A, EIS Borang 2, EIS Lampiran 1, Income Tax CP39, CP39A, Income Tax CP22, Income Tax EA Form, Income Tax EC Form, Income Tax CP8, CP 159, Income Tax CP8, are available in SQL Payroll software. Zakat Borang Skim Berkat, Income Tax PCB 2(II), Income Tax CP 8D Borang E, Income Tax Lampiran B (PCB Audit), Income Tax Lampiran 2 (PCB Audit), Income Tax PCB 2(II), and HRDF Report.

 

Flexible Reporting

Multiple payslip forms are offered by SQL Payroll, along with analytical reports and HR letters for management. Reports like the PCB Audit Report, Lampiran 2, CP22, and TP Forms are accessible. Reports on the annual payroll, the leave balance, the payroll summary, and letters like letters of termination, letters of appointment, letters of confirmation, and letters of increment are also included. These payslips, reports, and letters can all be altered to better suit your company’s needs.

 

Directly Synced With Software for SQL Accounts

Your monthly payments can be instantly posted to your SQL Account. You are all set with just a single setting needed. Every month at the conclusion, directly from SQL Payroll, post your payroll payments. This will cut down on work, speed up the procedure, and reduce mistakes.

 

Pricing Analysis of Malaysian Payroll Software

There are a few payroll software options on the market, but you may narrow down your choices based on your budget, the number of employees, and your preferred capabilities. We researched five payroll applications currently on the market and contrasted their features for you.

For ongoing use of the software, the majority of payroll software companies charge an annual or monthly recurring cost. SQL Payroll is the only payroll application that doesn’t have ongoing costs. In the table below, we’ve compared the costs and features of each piece of software.

 

Software 

Price

MYOB Premier

MYR 2,800

SQL Account 

MYR 109 (monthly)
Sage 50

MYR 1,800

WavePayroll

MYR 0 (free)

Payboy

MYR 50/month

 

 

I hope you found this article helpful. If so, please share it to your social media platform to let more business aware about this topic. Thank for your reading !

 

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