Payroll Process

Employees are the main key of any business. Whether small, medium or big size of business every business needs employee to sustain in the market. Every business has to pay salary to its employee accurate and timely. It is not simple to manage the payroll process. There are many factors like leaves, advance, reimbursements or other deductions to while managing the payroll process. Efficient payroll processing services have become a necessity for every organization in order to streamline payroll, optimize productivity and improve administration. 
 
Nestor Consulting ensures smooth payroll management services that can help achieve better resource management and save form the hassles and time-consuming tasks of payroll processing. Nestor Consulting have years of experience in handling corporate payroll services and the ability to tailor a solution to specifically suit the needs of any organization. Nestor Consulting is committed with our client to producing good results with the highest accuracy and quality. Nestor Consulting has an experienced team with domain expertise, to deliver payroll services.

 

Benefits of outsourcing of payroll Service to us

  • Opportunity for Minimization of Cost with Better Quality
  • Emphasis on data Security and Data Confidentially
  • Compliance of Regulatory Norms
  • Easy administration of payroll
  • Flexible, Accurate and Timely delivery
  • Focus on continuous improvement of process
  • Substantial Investment not require
  • Avoid the hassle of handling payroll in-house and focus on your core business

 

Payroll Service We Offer

  • Employee data Creation
  • Creation system of Time and attendance
  • Payroll Reports
  • Payroll Tax Return
  • Form 940 & 941
  • Reporting and filing of W2 and W4
  • Processing of Salary
  • Department wise summary report
  • Creation of Pay Register
  • Year-end process

 

Workflow of Payroll Process

  1. Creation of employee data in the system
  2. Developing organization pay policy in the system
  3. Defining payslip components
  4. Gathering other payroll inputs
  5. Calculation of gross salary, statutory or non-statutory deductions
  6. Release of Salary after approval of client
  7. Generate of Payroll Report
  8. Deposit of Statutory dues and filing of returna