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Top Payroll System Software For Small Business in Malaysia [2021 Updated]

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Top Payroll System Software For Small Business in Malaysia [2021 Updated]

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  1. 1/26/2021 Top Payroll System & Software For Small Business in Malaysia [2021 Updated] a a Best Payroll Systems in Malaysia [2021 Updated] Dec 23, 2020 |Top 10 Table of Contents  https://marketingsignallab.com/top-payroll-system-in-malaysia/ 1/11

  2. 1/26/2021 Top Payroll System & Software For Small Business in Malaysia [2021 Updated] Who are the people who carry the business on their shoulders? Your staff! Your business cannot function without your employees. In fact, the size of a business is often measured by the number of employees it has. But managing the staff is another story. Small and Medium Enterprises (SMEs) are the backbone of Malaysian businesses. But if you are a startup or a fairly new company, managing your employees is a challenging task. Managing your employees means providing them salaries on time, calculating their incentive, bonuses and overtime not to mention the tax that entails it. If you cannot process these tasks properly, your employees will not retain for long and on the other hand you will be on hotspot from legal authorities for tax issues. Hence, you need a reliable payroll system to handle all your employee related transactions. From keeping track of your employee’s working hours to calculating their salary precisely, a payroll system can save both your time and money. It will help you to calculate your employment tax as well as ?le them so that you are also updated on your tax matters with the authority. How do you implement an ef?cient payroll system? AutoCount Cloud Payroll User Training: AutoCount Cloud Payroll User Training: … … https://marketingsignallab.com/top-payroll-system-in-malaysia/ 2/11

  3. 1/26/2021 Top Payroll System & Software For Small Business in Malaysia [2021 Updated] We say, you choose a payroll software that best suits your business operation. That way, all your payroll tasks will be automated so the payroll process will be faster with less human errors. Besides, you won’t need a super expert to handle your business payrolls as the payroll software is ef?cient to handle complicated wages calculation as well as tax ?ling. Let’s ?nd out what happens when Malaysian businesses try to handle their payroll on their own. Typical Payroll Challenges Small Business Owners Face 1. Time consuming If you are a small business, each of your employees’ time must be put to increase your business revenue. However, if you decide to handle the payroll transactions on your own, then you have to dedicate a portion of your valuable time in the internal processes that are not producing any returns. If you have a suitable payroll system then you can better use this time to increase your sales and pro?t margin. 2. Lack of Statutory Insight When you handle your payroll on your own, you have to be knowledgeable about the statutory regulations, deadline and structure to calculate your contributions properly. Or else you may be subject to hefty fees from legal authorities which can https://marketingsignallab.com/top-payroll-system-in-malaysia/ 3/11

  4. 1/26/2021 Top Payroll System & Software For Small Business in Malaysia [2021 Updated] shoot up your overhead cost signi?cantly and give you a bad name if you don’t comply with regulations. 3. Need to hire experienced admin If you have to recruit someone who has adequate knowledge of handling payroll, then you have to go for an experienced admin. This may cost you much more than installing a payroll software, which can be easily operated by a less experienced employee. 4. Take care of complicated tax calculation Year end taxes are one of the big headaches of businesses. You have to make sure everyone has their EA form and you ?le the correct tax amount to LHDN on time. Without help of any payroll software, this process can become super messy super fast and easily overwhelm you with stress and worry. 5. No one to help or assist Tax seasons or overwhelmingly complicated salary calculations can strain you thin if you try to do it all alone. Without anyone to help, it is easy to lag behind on your payroll tasks and make mistakes in panic. How can a payroll system bene?t your business in Malaysia? So,what is the solution to the challenges described above? Payroll Software. Let us tell you why! ● You won’t have to spend hours every month sorting out your payroll. https://marketingsignallab.com/top-payroll-system-in-malaysia/ 4/11

  5. 1/26/2021 Top Payroll System & Software For Small Business in Malaysia [2021 Updated] ● Saves your time to better focus on your sales and marketing. ● You don’t need to outsource or hire experienced staff to handle your payroll. ● Your payroll tracking will give you a better re?ection of your business cost. ● You will have payroll records to compare your business performance to staff incentive to produce better output. ● You will have a better system to automate your taxes and salary payment. ● Often, payroll software comes with a customer service or assists which will help you to learn how to handle your payroll system ef?ciently. ● Payroll software will turn something as mundane as the payroll process into a proper structure to give you more value for money. Top 10 Payroll Software in Malaysia In this article, we will review the top 10 Malaysian payroll software that can handle your business payroll functions with ease. 1. AutoCount Cloud Payroll https://marketingsignallab.com/top-payroll-system-in-malaysia/ 5/11

  6. 1/26/2021 Top Payroll System & Software For Small Business in Malaysia [2021 Updated] AutoCount Cloud Payroll offers you all solutions for your payroll challenges including payroll module, e-leave module, e-claim module, e-time attendance module. The software is compliant with all the current statutory regulations of Malaysia including PCB, EPF, SOCSO, EIS and HRDF. You will ?nd all the required forms, submissions and reporting integrated with online payment to local banks so that you can manage your payroll effectively. Besides, it has some essential HR tools with additional visual tools and charts, built-in HR template and employee records complete with statistics, charts and noti?cation so that you can track and calculate your employee salary with ease. It offers all your payroll activities in a nice little loop to master your payroll system like a pro even with minimal experience. Besides, it has a video guide and an excellent customer service to help you run the software and solve all of your queries. https://marketingsignallab.com/top-payroll-system-in-malaysia/ 6/11

  7. 1/26/2021 Top Payroll System & Software For Small Business in Malaysia [2021 Updated] And if you are concerned about ?exibility, don’t worry! AutoCount Cloud Payroll comes with a mobile app that can be accessed anytime, anywhere. Your employees will also have their self service portal to access and print their monthly payslip and EA form so that you can seamlessly process your payroll tasks. It is trusted by the Government So, the Government has appointed AutoCount Cloud Payroll as one of the Technology Solution Providers under its Matching Grant Programme for the ?rst 100,000 Malaysian SMEs to apply. You can use this 50% Matching Grant up to RM 5,000 to scale your business software and maximize your ef?ciencies. You can try AutoCount Cloud Payroll’s free trial to see how the software can come to your use. And if your company has only 3 employees or less, then you are FREE to use the full access of the software. Pay only as your team grows. Sign Up For Free Demo Now! 2. Actpayroll Actpayroll is another great payroll software that is both affordable and easy to use. You can use this LHDN approved software to automate your EPF, SOCSO and PCB calculation. It also helps you to make fast and accurate salary calculations for your staff to manage a cost effective and time ef?cient payroll system. 3. HR2000 HR2000 is easy to navigate to manage and automate your payroll system. You can easily keep track of your staff salary, https://marketingsignallab.com/top-payroll-system-in-malaysia/ 7/11

  8. 1/26/2021 Top Payroll System & Software For Small Business in Malaysia [2021 Updated] leaves, claims as well as time management to pay them on time. It also complies with SOCSO and other statutory regulations to keep your tax matters in order as well. 4. PayrollPanda PayrollPanda is super useful in calculating your employee salary, their leaves and overtime. You can use it to automate the payslip requests complying with all regulations and statutory needs to save time and minimize human errors at an affordable price. 5. Orisoft Orisoft is another useful payroll system that has multiple functions to take care of all your payroll tasks in one seamless system. Orisoft allows you to record all your employee data faster, calculate their salary and claims instantly and organize the documents with ease. 6. iForte iForte is a more advanced payroll software that handles all your HR tasks including recruitment, staff and payroll. It has been serving for 18 years with over 1.5 million worth payroll value with effective systems so that you can run your business cost-effectively. It also uses Digital HR Solution and Candidate Video Impression platform to hunt the best talents for your company. 7. Million If you are a more established company then you can choose Million as it has the capacity to handle multiple company https://marketingsignallab.com/top-payroll-system-in-malaysia/ 8/11

  9. 1/26/2021 Top Payroll System & Software For Small Business in Malaysia [2021 Updated] transactions with various modes of payments. Their statutory report has in-built EPF, SOCSO and Income tax reporting features. Besides, the auto-pay system will help you to pay your staff salary in a time-ef?cient manner. 8. Ready Ready Software just like its name offers readily available payroll services as well as human resource, ?xed assets and employee self service features. They aim to improve the overall productivity of your business through its ef?cient handling of all HR and payroll tasks smoothly. 9. Netiquette Netiquette Software is yet another all-in-one software that helps you to manage your payroll as well as inventory and other accounting transactions. With in-built Goods and Services Tax (GST) and Customer Relationship Management (CRM) features, it can be useful for small businesses to fastrack many of the daily operations. 10. Kakitangan Lastly, if you are a startup with hardly any money to spare on software then you can use Kakitangan payroll software which is free to use. It has all the basic functions to handle your payroll, medical bene?ts, leave and compliances under one software. Choose the payroll software that best answers your payroll problems. If you are not sure which payroll software better suits you than you can select the software which has a trial version so that you can explore all their features to estimate if https://marketingsignallab.com/top-payroll-system-in-malaysia/ 9/11

  10. 1/26/2021 Top Payroll System & Software For Small Business in Malaysia [2021 Updated] the software suits you or not. Keep an eye on the features you need to decide the payroll software that will best cater to your business needs. Search Subscribe To Our Newsletter DON'T MISS OUT! Subscribe To Newsletter Enter your name here... Enter your email address here... SUBSCRIBE NOW We promise not to spam you. Unsubscribe at any time. Recent Posts Best Payroll Systems in Malaysia [2021 Updated] Best Accounting Software in Malaysia – 2020 Reviews Best Birthday Cake Delivery Online in Malaysia Pay Per Click in Malaysia – Everything You Need to Know https://marketingsignallab.com/top-payroll-system-in-malaysia/ 10/11

  11. 1/26/2021 Top Payroll System & Software For Small Business in Malaysia [2021 Updated] TOP 21 Digital Marketing Courses in Malaysia How Much Does SEO cost in Malaysia [2020 Guide] What is Search Engine Optimization(SEO) & How It Works? Facebook Advertising Cost & Pricing in Malaysia ©2020 Marketing Signal Lab. All Rights Reserved. Privacy Policy Terms of Service | https://marketingsignallab.com/top-payroll-system-in-malaysia/ 11/11

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