How the Trace Managed Payroll Service Works
Your team at Trace Payroll Services becomes your payroll department
Trace Managed Payroll Service provides you with access to a team of highly skilled and dedicated payroll specialists who complete all payroll related tasks to agreed schedules.
For a stage by stage illustration of how Trace Managed Payroll works click here.
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Each month your Trace Payroll Services team will:
- Load all payroll input data, amendments and tax code changes onto the payroll system and will calculate any back pay and adjustments
- Check the payroll output for accuracy and verify accordingly
- Laser print payslips and produce extensive management and costing reports which are dispatched with any other payroll output for your internal distribution
- Create the BACS transfer for payments and verify that it is processed correctly
Your Trace Payroll Services team will also:
- Take over responsibility for liaison with HMRC for submission of year end data
- Respond to any payroll queries raised by your Payroll Contact
- Prepare all P45s, P60s, send P14s to HMRC, and answer all employee queries on P60s/P45s via your designated company payroll contact.
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How Trace Managed Payroll Works
See how Trace Managed Payroll works with this illustrated step by step guide | | |
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What you need to do:
Your only responsibility for the payroll operation is to nominate a Payroll Contact who acts as the point of communication between you and Trace Payroll Services. Your Payroll Contact does not need to know anything about Payroll!
Your Payroll Contact just collates any amendments you may have to the payroll each month and sends them using agreed documentation and media to your named contact at Trace Payroll Services in accordance to an agreed schedule.
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