Cost of Running your Payroll In-house

Print out this page and add up all the costs of running your payroll in-house. Alternatively download as a spreadsheet and get the calculations made for you.

When you have worked out all the total costs please contact Trace Payroll Services or request a quotation right away to make a cost comparison with Managed Payroll.

Salary Costs (incl. Employer NI etc.) £ Overheads of Employing Staff (desks etc.) £ Sickness/Holiday and Maternity Cover £ Recruitment Costs £ Staff Training Payroll software £ Legislation updates £ Software Payroll Software £ Maintenance costs £ Software upgrades £ Software back up and archiving (Disaster Recovery) £ Investing in new software £ BACS software and maintenance £ IT Support Internal support for both hardware & software £ Hardware Cost and replacement of PCs £ Cost and replacement of high speed printers £ Back up PC's and printers (Disaster Recovery) £ Add Ons Stationery - payslips, envelopes and report paper £ Ink cartridges £ Reporting Flexible reporting to provide good management data to effectively £ Manage your biggest cost - staff £ Customised GL interface £ Total: £

Download an Excel Spreadsheet of this table