Post by mdshamiul777 on Feb 12, 2024 12:51:51 GMT
Do you know what electronic payroll is ? It is a new format of the business payment support document that will give you many benefits. The field of paper administration is increasingly shrinking and making way for the digital world. Thus, now it is the turn of the payroll payment media, and a “small” change in format means many advantages and support for the company. The electronic payroll belongs to a resolution that has already come into force in Colombia. So, if you don't know her yet, here we tell you everything you need to know about her. What is electronic payroll? Electronic payroll is the new support document for costs, deductions and deductible taxes that employees receive from the company. “Electronic payroll is the new format of the document supporting costs and deductions for companies.” This new format was announced by the DIAN in resolution 13 of February. In it, the details of its implementation, electronic billing system and functionality of electronic payroll support were indicated.
This document also includes other provisions regarding the supporting document and the electronic invoice. Looking at it from an administrative point of view, electronic payroll has the same functions and applications as traditional payroll. This new digital format is presented as an ecological and more efficient alternative for business administration. In addition to all this, electronic payroll is just one more step towards the systematization of companies. This is done in order to have more efficient and modern administrative processes. “Electronic payroll has the same Vietnam Email List functions as traditional payroll, but from a digital format.” payroll money Photo by Karolina Grabowska from Pexels . CC0 license. Advantages of implementing electronic payroll The main advantage that we can mention of electronic payroll is the ecological factor. Certainly, any physical document that we can do without can be a great support to reduce paper consumption in companies.
But this is not merely an eco-friendly advantage, it also represents great economic savings for the company. Less paper consumption for payroll receipts allows for better use of physical and monetary resources. This is something that should not be overlooked. And beyond that, operating under an electronic payroll helps us be more efficient in administration and allows us to work under automated systems. “Electronic payroll allows us to have an automated workflow.” This is a good thing for companies with many employees, where delivering physical payment holders to each member can be cumbersome. Another important point is fiscal control. Through electronic payroll, tax authorities can know the details of the resources that are allocated to workers. This facilitates subsequent declarations and reports, as well as allowing a more transparent payment process. In the same way, we must also mention the cutting-edge and technology factor. If we are interested in keeping our company current in the new administrative systems, electronic payroll is an element that we should not forget.