When you sign up for Smartly's Managed Payroll Service, we will manage your payroll for you, allowing you to focus on your business.
When you sign up for Smartly's Managed Payroll Service, we will manage your payroll for you, allowing you to focus on your business.
With the Smartly app, your team can easily access all their payroll information using their own log in. Employees can view their payslips, see their next pay day, and apply for leave at the tip of their fingers.
Whichever plan you choose, you’ll have access to Smartly’s full range of features including the employee app, timesheets, costing, Xero integration, automated payments and more.
The difference is, when you choose DIY Payroll, you’re responsible for entering all of your payroll data into Smartly's simple software and checking that it’s correct.
When you choose Managed Payroll, your dedicated account manager will take care of this for you. They will work with you, and whatever systems you’re currently using, to make sure your data is entered correctly and payments are made on time. They will also take on any additional payroll administration tasks, such as adding new employees, allowances, deductions, child support payments and terminations – all while ensuring compliance with current New Zealand employment legislation.
If you’re not confident in payroll compliance and legislation, there have been mistakes made in your payroll, or you’re struggling to find a qualified person to manage your payroll, it might be time to consider handing your payroll over the experts at Smartly.
Learn more about how to choose between in-house and outsourced payroll over on our blog.
Fully managed (also called outsourced) payroll means that a service provider takes care of all the complicated payroll admin for you, runs payroll checks, manages PAYE and other deductions, and submits the bank files accurately and on time.
Many managed payroll providers aim to provide value to larger businesses (200+ employees). Smartly’s Managed Payroll Service has been set up especially for small to medium kiwi businesses to help you save time and headaches when it comes to payroll.
To decide if managed payroll is cost effective for your business you’ll need to consider resource costs (software fees and staff wages), hidden costs (fees, interest and loss of employee trust as a result of payroll errors) and opportunity costs (what could your people be doing if they weren’t knee deep in payroll admin?).
We'd be happy to talk with you about whether managed payroll is the right choice for your business or if there are other efficiencies that could solve your payroll problems, contact us today.
*According to a 2022 consumer survey conducted by an independent research agency.