Payroll accounting can be tedious
Let ourstartupindia.com help you
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Introduction
Payroll accounting is essentially the calculation, management, recording, and analysis of employees’ compensation. In addition, payroll accounting also includes reconciling for benefits and withholding taxes and deductions related to compensation. The calculation of payroll is highly influenced by each country’s legal requirements (it may also depend on state or local city requirements).
Most startups and small businesses do not have well-established HR systems and processes leading to challenges in hiring top talents, retaining good employees, and building a productive workplace culture. By outsourcing payroll and HR management to Our Startup India, you can enjoy a stress and error-free payroll cycle every month, knowing it has been done by the experts. Also, our HR experts can help you implement world-class HR processes in your organization from day one to support the growth of the business.
Benefits of Outsourcing Payroll Accounting to Our Startup India
Time Savings & Increased Productivity
Payroll processing inside your business is a time-consuming process. Keeping track of benefit deductions, garnishments, new hires, and terminations paid time off as well as federal and state regulatory changes can be frustrating tasks. Outsourcing payroll to allows you Our Startup India to concentrate on your core business and frees up the human resources, or accounting personnel to work more on strategic tasks that could ultimately affect your bottom line. Employers only need to make contact with their outsourced payroll specialists by approving time once each pay period.
Reduce costs
The direct costs of processing payroll can be greatly reduced by working with us. Big businesses can afford to maintain robust payroll departments. However, Small/medium-sized businesses, having an in-house payroll process is a money burner. If your business has fewer than 30 employees, there’s a very good chance that you can save money by outsourcing your payroll operations to Ourstartup In dia.
Team of Experts
Most business owners and payroll related staff don’t have time to research and study constantly changing regulations, withholding rates, and government forms. By outsourcing payroll to Ourstartup India, a small business can take advantage of the expertise that was previously available only to big companies.
Other Services
Trademark Registration
Rs.5,999/-
Brand Copyright
Rs.3,999/-
FSSAI Registration
Rs.3,999/-
FSSAI License
Rs.6,999/-
Business Plan
Rs.39,999/-
Financial Projection
Rs.29,999/-
GST Registration
Rs.1,999/-
ISO Registration
Rs.7,999/-
Terms and Conditions
Rs.8,999/-
Provisional Application Process Flow
1-2 HOURS
2-3 WORKING DAYS
3-4 WORKING DAYS
7-8 WORKING DAYS
Select Package
At Ourstartup India, we offer a range of packages to suit your needs. Start by selecting the appropriate one, fill out the required forms, or simply speak to our experts online for assistance.
Obtain Information regarding Company Employees
Ourstartup India professionals will collect the information regarding all the company employees required for the payroll accounting process.
Payroll calculation
With the information provided, Ourstartup India professionals will calculate the net pay after adjusting necessary taxes and other deductions.
Payroll Accounting
Ourstartup India professionals will maintain a record of all your financial transactions and will check that all salary and reimbursement data is fed accurately into the accounting system.
Documents Required
Pre-requisites
- Title of the invention
- Certificate of Registration
- Electronic Challan cum Return (ECR) document
- Company GST
- TIN
- Choose a payment schedule
- Classify employees
- Terms of compensation
Simple & Transparent Pricing
Basic Package
Save upto-10% cost on this package
7,999
(inclusive All)
- Name Search Report
- Name approval in RUN (Reserve Your Unique Name)
- DSC(2no) (Extra Dsc Per Director – Rs-1000)
- Filing Spice Form
- Issue of Incorporation certificate along with PAN & TAN
- Include Government Fees & Stamp Duty for Authorized Capital Upto -1 Lakh except for the state of Punjab, MP and Kerala.
- Msme Registration
- Share Certificate (Soft Copy)
Growth Package
Save upto-20% cost on this package
9,999
(inclusive All)
- Name Search Report
- Name approval in RUN (Reserve Your Unique Name)
- DSC(2no) (Extra Dsc Per Director – Rs-1000)
- Filing Spice Form
- Issue of Incorporation certificate along with PAN & TAN
- Include Government Fees & Stamp Duty for Authorized Capital Upto -1 Lakh except for the state of Punjab, MP and Kerala.
- Msme Registration
- Share Certificate (Soft Copy)
- GST Registration
- Stamp and Company Seal
- Bank – Current Account Opening
- 10% Discount on Future Service
Premium
Save upto-30% cost on this package
16,999
(inclusive All)
- Name Search Report
- Name approval in RUN (Reserve Your Unique Name)
- DSC(2no) (Extra Dsc Per Director – Rs-1000)
- Filing Spice Form
- Issue of Incorporation certificate along with PAN & TAN
- Include Government Fees & Stamp Duty for Authorized Capital Upto -1 Lakh except for the state of Punjab, MP and Kerala.
- Msme Registration
- Share Certificate (Soft Copy)
- GST Registration
- Trademark Registration
- 1month free GST filing
- NDA
- Guideline for Startup India Registration.
- Stamp and Company Seal
- Bank – Current Account Opening
- 10% Discount on Future Service
FAQ's on Payroll accounting
Payroll management is an ancillary function for all businesses. However, for most startups and small businesses, payroll and HR management takes up a tremendous amount of time and energy of the founding members. Thus, by outsourcing payroll management to Ourstartup India, the founding team can focus on more important areas like product development, marketing, and customer support.
Ourstartup India Professionals will be deputed for your business to provide support every month. In addition, we also have a pool of Experts to assist you with all your requirements.
Absolutely. Any of your employees may contact us for advice and assistance either by email or telephone
Time Savings & Increased Productivity
Reduce costs
Team of Experts
Reduce costs
Team of Experts
Payroll accounting is essentially the calculation, management, recording, and analysis of employees’ compensation. In addition, payroll accounting also includes reconciling for benefits and withholding taxes and deductions related to compensation.
Most startups and small businesses do not have well-established HR systems, need Payroll accounting services.
Payroll management can be outsourced, managed on our own, or through software. But it is best when outsourced as it is cost-effective and saves time and money. Not to mention, the opportunity to closely work with the payroll specialists and financial experts who are well versed in the latest tax rules and compliances.
Our payroll system is well-secured, and guarantees to protect your company data and employee information. With a robust security system in place, we do not compromise on the security of bank account numbers, addresses, pay rates, and other details required to process the payroll and tax forms.