Finances are one of the most significant concerns for small business owners or managers when it comes to the success of their company. While the majority of financial factors are completely internal, payroll is one critical task that should not be overlooked or treated lightly. Payroll is also the most expensive single expense for most firms, therefore it must be handled correctly and efficiently.
As your company expands and the number of employees grows, you begin to look for a better way to manage payroll and guarantee that everyone is paid on time (what a good way to keep employees happy and motivated).
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5 Best Payroll Softwares In Nigeria for Small Business
Here are five of the top payroll software systems for Nigerian small businesses:
PrimePayroll is an enterprise cloud service for payroll and human resource management. Many small business owners and organizations still face payroll management and HR challenges in the day-to-day administration of their business. In addition, the upfront cost implication of purchasing and setting up legacy payroll systems, together with the required infrastructure setup can be prohibitive and financially be tasking.
PrimePayroll takes care of your payroll and HR administration, giving you the freedom and flexibility required to grow your business. PrimePayroll is safe, efficient and simple to use with zero upfront investments, all from the comfort of your internet-enabled PC or mobile device.
PayDayNG makes HR tasks easier. PaydayNG Payroll software is software that helps business owners and managers to perform payroll, deductions, and tax-related functions effectively. It also tracks all activities of an employee in an organization.
The payroll software has a role-based privilege system that is easy to set up for employee role and authority. Also a separate dashboard for each employee and manager.
TAMS is a cloud-based biometric solution with a bouquet of services for human resources management. TAMS is flexible and offers many user-friendly options to tailor the system. You can define an unlimited number of deductions and designate taxability and frequency for each. The system accommodates virtually any form of employee benefit, loans, and contributions plans.
Since all of our applications are Web-based, employees can log into the system with their username and password. Immediately the Web pages that they have security to access will be made available for employee self-service functionality.
TalentBase is a payroll software for growing businesses across Africa. The solution allows business owners and managers to easily add employee pay, allowances and other statutory deductions onto the platform. You can also remit payment directly from your account into employee bank accounts.
Aside from payroll, Talentbase solution also has some awesome features such as Tax Automation (ability to calculate PAYE tax for all your employees), Expenses Management for all employees and ability to automate your leave management process.
Sage Payroll was released to the Nigerian market in July 2017. Sage One Payroll seamlessly integrates with its accounting software, offering a complete business solution for start-up and small businesses.
Sage One Payroll is a smart online payroll solution that can be accessed 24/7 from the cloud. The solution caters for local tax and legal requirements. It allows unlimited earnings (owed to employees) and deductions (what the employee owes). The software makes it easy to calculate employees’ net salaries or wages, as well as deductions such as Pay-as-You-Earn (PAYE) and contributions to National Housing Fund (NHF), National Health Insurance Scheme (NHIS), pension and life insurance.