Payroll Processing for Columbus Ohio Businesses

Our Payroll Processing experts can streamline, organize and balance your Columbus business.

Processing payroll for small business is an area where our Columbus, Ohio staff of accounting professionals can assist you and save you time, money, effort, and some frustration.

We will make sure that your payroll is being processed in a timely fashion, efficiently and accurately. Perfect Balance works with payroll processing companies to ensure that your payroll is done timely and accurately. Because of the constantly changing laws affecting your payroll processing, this is an area where professionals can almost always do it better, faster, and less expensively.

Payroll processing is another way that our central Ohio bookkeeping professionals can keep your business in Perfect Balance.

What is Payroll and Why is it Important for Your Business?

A payroll is a company's list of its employees, but the term is commonly used to refer to:

• the total amount of money that a company pays to its employees
• a company's records of its employees' salaries and wages, bonuses, and withheld taxes
• the company's department that calculates and pays these.

Payroll in the sense of "money paid to employees" plays a major role in a company for several reasons.

From an accounting perspective, payroll is crucial because payroll and payroll taxes considerably affect the net income of most companies and because they are subject to laws and regulations (e.g. in the US, payroll is subject to federal, state, and local regulations).

From a human resources viewpoint, the payroll department is critical because employees are sensitive to payroll errors and irregularities: Good employee morale requires payroll to be paid timely and accurately. The primary mission of the payroll department is to ensure that all employees are paid accurately and timely with the correct withholdings and deductions, and that the withholdings and deductions are remitted in a timely manner. This includes salary payments, tax withholdings, and deductions from paychecks.