Late nights, errors and penalty fear
What small business owners report when payroll runs on spreadsheets.
- !A full dayEach month spent reconciling salary, attendance and deductions by hand.
- !Easy to errA wrong PF or TDS figure goes unnoticed until an employee or officer queries it.
- !Penalty fearNo specialist on staff, so changing rates and due dates are a constant worry.
- !Year-endForm 16 and 24Q assembled manually at the worst possible time.