Processes of Payroll Outsourcing
Manage end to end local payroll duties which involve salary and benefits tabulation, ensuring statutory compliances, e-payslips and leave management. Additional support provided in areas such as work pass applications, employee relations and recruitment.
Outsourcing your payroll to AcceServ can allow you to obtain quality service and ensuring accurate pay checks for your employees. With increased accuracy and reduced possibilities of penalties, your business can now focus on revenue-generating activities while working hand in hand with our trusted consultants who are devoted to paying your employees regularly and keeping your HR processes in place.
Our Services
- Monthly salary computation (Gross salaries, allowances and deductions)
- Monthly payroll reports with gross salary, allowances, overtime, incentives etc. and deductions such as Central Provident Fund (CPF) and the net pay for the individual staff.
- CPF management; tabulation and e-submission
- Community Funds submission (CDAC/SINDA/MOSQ/ECF), in accordance to employees’ ethnic race, and religion
- Workforce Development Agency (WDA) Act Skills Development Levy (SDL) and Foreign Worker Levy (FWL) computation and submission
- New hires data on-boarding and salary proration/Terminated employees’ salary proration
- Claim management (Government-related claims)
- Report customization upon request
- Fund disbursement service for salary and CPF/social fund submission
- Monthly e-payslips
- Annual Return of Remuneration – Year-end tax filing (IR8A)
Initial set-up stage/migration from existing systems
Depending on the size and format of data provided, it will take up to 3 to 10 working days for AcceServ to integrate the payroll data prior to the actual payroll processing.
Monthly Variation
In the occurrence of alterations in the monthly payroll data, Client has the responsibility to submit this to AcceServ according to the agreed timelines. AcceServ will not be liable for late payroll/payments if the timeline is not met.
The Process
Our payroll process below provides information and the responsibilities of both parties on the expected actions for monthly payroll processing.
Reports
AcceServ will send a copy of the monthly payroll reports according to the stated agreed timeline and Client is to provide confirmation to proceed before payment of salaries and issuance of payslips.
Fund Transfer
Ample time needs to be allowed for fund transfer should fund management is required as one of Client’s requirements.
How can we help?
Acceserv Pte.Limited is always here to provide you with more information or answer any questions you may have and create a custom solution for your corporate needs.