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Any process or task in SurePayroll can be automated to increase productivity and ultimately profitability.
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Thoughtful can automate a variety of processes within SurePayroll, a cloud-based payroll platform. For example, you can automate the process of payroll calculations, such as calculating pay, deductions, and taxes, and generating pay stubs.
Bots can also be used to automate the process of employee onboarding, including creating employee profiles, setting up payroll and benefits information, and sending out relevant documents. Additionally, bots can be used to automate tasks such as updating employee records, generating reports, and sending out reminders and notifications. Overall, automation can help to streamline and simplify many payroll-related processes within SurePayroll.
Batch Payment Reconciliation
Each month, this bot reviews all bank deposits and reconciles to individual payments. Automating the bank deposit and payment matching process provides several benefits, including increased accuracy and efficiency, real-time data access and insights, streamlined reconciliation, saved time and resources, and centralized information storage. The automation reduces manual labor, minimizes the risk of human error, allows for better monitoring and management of bank deposits and payments, simplifies the detection of discrepancies, frees up staff for other tasks, and centralizes all information, making it easily accessible and usable. In conclusion, automating the bank deposit and payment matching process improves financial management's efficiency, accuracy, and security.
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The bot will verify working and PTO hours from various reports, calculate the pay, and submit time.
Payroll, Hours, Payroll Processing
An example of tax compliance that can be automated in SurePayroll is the process of filing tax returns. Filing tax returns can be a time-consuming and complex process, particularly for businesses with many employees. With a bot, you can automate this process by using a bot to gather the necessary tax information from SurePayroll, such as employee salary and tax withholding data, and then use that information to complete and file the appropriate tax returns. This can save time and reduce the risk of errors, as the bot can handle the task accurately and consistently without the need for manual intervention.
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