But first of all, I would like to emphasize that, like any other technological solution, you need to be clear about the problem before hiring services of this type just because “everyone is doing it”.
I know that many people still don't know or don't fully understand saudi arabia cell phone number it works, but they go through problems that the payroll service solves. That's why I intend to address the topic in a clear and introductory way to clear up the main doubts.
Summary
What is payment
How the payment system works WITHOUT payment
Double taxation
Operational wear and tear
Tax risks
Payments in the real estate market
Benefits of payment for construction and development companies
Benefits of payment for real estate agents
FAQ – Frequently Asked Questions about Payroll
Do you already know CV CRM?
What is payment
payroll: woman holding a card with one hand and a cell phone with the other.
Payroll is the payment method used by a software company that manages commissions. It is through payroll that payments are distributed to employees. In other words, as the name suggests, the term payroll comes from the verb “to pay”. However, contrary to what it may seem, the concept of payroll needs to be much broader.
The payment system minimizes tax and accounting risks, optimizes the commission distribution process for both the payer and the recipient, reduces operating costs, avoids human errors, etc.
To understand how this happens, I will talk about how it works and what can go wrong in an operation without payment.
How the payment system works WITHOUT payment
Imagine that a company manager receives a sum of money through a check for a product sold. The manager then deposits this amount into his own account, and only then distributes the commission amount to other employees. In this scenario, the manager acts as both the recipient and the payer.
There are several risks that can occur during this process. Some of them are:
double taxation;
operational wear and tear;
tax risks.
Double taxation
If in the process of receiving payment and redistributing commissions a person acts as both recipient and payer, that person will need to declare income tax for both cases, thus doubling the taxes for each operation.
In other words, in this case there is a loss of financial resources. And when we talk about a company, where this process needs to happen repeatedly, the losses are cumulative.
Operational wear and tear
There is a long way between receiving the value of the product and distributing payment to employees. Someone needs to receive this value, someone else needs to check it, someone will hold the value to be distributed and only then will this value be transferred.
For this process to work without a payment system , many people are needed to work. In addition, it takes a lot of time to do this manually and the chance of error is also greater.
When a system does this entire process automatically, you save a lot more time and can make better use of your employees' efforts. After all, the time of the developer and the administrative team is worth much more than the operational process.