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Payroll Software
6. Pitfalls
6.1
Integrating different pieces of software can be complicated and should be handled by someone with expert knowledge.
- Not all systems are compatible.
- Integrating several pieces of software makes tracking errors harder.
6.2 Using software increases the security risk involved in payroll operations.
- You need to ensure only authorised personnel have access to payroll details. The risk of unauthorised access increases with the level to which payroll is integrated with your other systems.
- Information about your staff must be stored in compliance with the Data Protection Act.
- Periodically check payroll details to prevent fraud.
- Remember that documents you print, like payslips, must remain confidential.
6.3 You are required to archive your payroll records for at least three years.
- Storing them electronically makes them easier to access. Ensure your payroll software provides for this and protect against data loss by backing the information up.