With many outsourced payroll services concentrating on either the SME sector or larger corporate companies, we at Moorepay have not overlooked the specific payroll needs of medium sized businesses.

These companies, classed as having between 21 to 100 employees, are often overlooked by providers of payroll services, as they fall into the middle ground and are outside the target clientele of such services.

A payroll bureau is a popular choice for medium sized business owners, as it allows them to retain ultimate control of their internal payroll function, whilst providing them with expert back up to ensure that staff payments are made in a correct and timely way. It is an ideal solution for businesses with in-house HR and payroll, but who need fulfilment of their payroll functions.

These businesses can choose to work with hard copy information if they wish. As the service is accessible online, this gives payrol bureau clients additional freedom to complete their payroll data at their own convenience, either from their own premises or elsewhere. The bureau payroll service provider then works with the data submitted to calculate relevant deductions and transmit the finished data to BACS to complete staff payments.

For the medium sized business, bureau payroll services also provide other key functions, such as the production of tailor-made financial reports, paper or electronic payslips for staff and electronic archives for seven years’ worth of data. The combination of these features contributes to the smooth daily running of the medium sized business and the consolidation of systems required for auditing and accountancy purposes.