Payroll Administration

The payroll accountant on the digital trend

The payroll accountant on the digital trend

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Great demands are placed on the modern payroll accountant. In addition to having to be at the forefront of legislation in both the tax and personnel area, GDPR, the new holiday act, etc., as a modern payroll accountant you must also be part of the digital trend.

Of course, it is still expected and very basic that the modern payroll accountant ensures correct pay on time for all employees - but it is also expected that this is done with ever greater efficiency.

Many digital opportunities have opened up in the last few years, not just within the pay area, but also where data comes from and where data is passed on to.

It is important that you as a payroll accountant know these options and can advise and guide your colleagues, management and customers, so that there are also opportunities in other functional areas to save valuable time with the right integrations to the payroll system. In addition to the time saved, the right integrations can also help increase quality.

The payroll process is basically quite simple with data input, payroll, data output and reconciliation, but everyone who works with payroll administration knows that in reality it is not that simple.

As a payroll accountant, you must also be able to relate to new topics and not just the narrow payroll process. Here it is important to ask yourself the question: How can I offer added value to my stakeholders by making the payroll system work optimally together with "neighbouring systems" such as financial and time registration systems?

Integration points for neighbouring systems

Data input may be via a time registration system, where hours and absences are collected and approved. Subsequently, this data must be entered into the payroll system, where it is processed and becomes gross salary, tax, ATP, net salary, etc. After this, the individual items must be posted, which usually happens in an independent system. A systems may be optimised for its own process, but to optimise the overall payroll process, the systems must be integrated and communicate with each other.

Not only does the modern payroll accountant need to know about each of the new digital systems coming to market in the payroll related area, they also need to know how the systems will most effectively work together for the benefit of the overall process.

As part of the process, it is important to also include controls throughout the process so that already as early in the phase as possible you can catch any errors and sources of incorrect pay.

The modern payroll accountant can do a lot to optimise the work for themselves by making use of the many new digital opportunities that are on the market, but it also challenges habitual thinking and attitudes such as: "This is not how I usually do".

Great recognition to the payroll accountants who have jumped on the Cloud and become modern payroll accountants and reap the benefits of the many integration opportunities, thus saving themselves and the companies a lot of time - and to everyone else an invitation to join, there is room to even more!