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Payroll Software
6. Pitfalls
6.1
Integrating different pieces of software can be complicated and needs to be handled by someone with expert knowledge.
- Not all systems are compatible.
- Using one piece of software to provide another with data can make it difficult to track down errors.
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.
- Periodically check payroll details to prevent fraud.
6.3 You are required to archive your payroll records for at least three years.
- You need to make sure you can still access old electronic data.
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