Payroll Services Companies

In Singapore, there are many payroll services providers. Payroll companies offer services such as salary calculation, creation of employee profile for a new hire, computation of the last pay for resignees, computation of gross wages, submission of CPF contributions, and payroll reporting for accounting purposes. Furthermore, they offer preparation of CPF refunds & government statistical forms and assist with annual employment income under Auto Inclusion Scheme. 

Payroll outsourcing will be more profitable for start-ups, companies with developing or non-adjusted business processes, companies with a complex payroll model, or organizations with a large number of branches.

Incorporate Business Online prepared a list of payroll services providers in Singapore.

Sage
5
4 Reviews
$4
One free subscription for your practice to give you everything you need to manage payroll
Reckon
4.75
4 Reviews
$10
Easily manage wages, leave, super and Single Touch Payroll for an unlimited number of employees for...See more
SQL Account
4.75
4 Reviews
$215
SQL Payroll is compliant to all Malaysian statutory bodies like KWSP, LHDN and SOCSO. Our system saves...See more
Inclusive full 1 year phone and email support with software updates Employee Dashboard Enjoy the freedom...See more
TaxPA
4.5
4 Reviews
$39.50
Most Companies no longer manage their payroll services given the growing complexity and the need for...See more
SBS Consulting
5
4 Reviews
$21
SBS Consulting offers you comprehensive Singapore payroll services that are unique and come without...See more
ClearBooks
5
2 Reviews
$3
Clear Books provides combined Payroll and HR software that makes life easy. With Payroll you can calculate...See more
Plizz
$282
We compute your monthly payroll, file and submit your employees Personal Income Tax and Social Security.
Our payroll professionals will be at your side all year long. We make it easy to hand off your payroll...See more
Payroll is an integral yet tricky domain of any company as the staff payment speaks volumes. Our financial...See more
Our payroll service ensures that the government remittances and voluntary contributions such as CPF,...See more
Enkel
$500
Acting as the bookkeeper in your accounting department, our team of professional bookkeepers helps you...See more
White glove payroll service Outsource the payroll function to us All employee types and pay schedules...See more
Our service fees remain at flat rates even if there are additional payroll elements to be included in...See more
Our payroll specialists are well-trained and equipped with the most advanced payroll systems to process...See more
FBC
$49
Paying your people the right way, at the right time is critical. It's also a chore. We help farm and...See more
Payroll (Compliant with CPF and Employment Act)
At a certain stage of most business incorporated in Singapore, hiring of employees is a natural stage...See more
Administer monthly payrolls, including: Maintain payroll file for your employees (basic salary, overtime,...See more
Manage employee salaries more easily & automate payments with WordPress Payroll System Plugin The payroll...See more
Stay compliant with the help of our payroll services for small business. We make it simple to hand off...See more
Stay compliant, pay employees on time, and get help when you need it. Assurance your team is paid on...See more
Full-Service Filings Direct Deposit W-2’s and 1099’s PTO and Time Tracking Certified HR Experts...See more
Our related company, Tn Online Payroll Pte Ltd caters to companies of all sizes in Singapore since 2004....See more
Correctly counted payrolls play a vital role in employees’ happiness. Moreover, changing local legislation...See more
By hiring our team for Payroll services Singapore, you can completely put your mind at ease. Our professional...See more
Our payroll services are equipped with an in-depth understanding of MOM and CPF regulation among other...See more
Personal CFO Consultations Revenue projections COGS budget Headcount budget Payroll budget Non-payroll...See more
Gusto logo
4.5
2 Reviews
$40
A streamlined set of automatic payroll features and benefits integrations.
Gusto logo
4.5
2 Reviews
$80
Comprehensive payroll, benefits, and HR tools for employers building a great place to work.
Osome logo
4.5714285714286
6 Reviews
$422
Osome provides payroll services such as computation of gross to net salary and CPF, provision of payroll...See more
Payroll services are provided by third-party organizations and are intended to help businesses with...See more
There are many reasons why payroll services are better outsourced than handled in the house. Running...See more
Peter Dorme reviewed JJ & E Management
Their services helped me reduce my expenses and focus on the important aspects of my business. I understood that working with outsourced accounting se...
Tianlong Services
George Richmond reviewed Tianlong Services
I've had a great experience working with Tianlong Services, they helped me prepare my taxes correctly and were able to save me time on my bookkeeping ...
alchemist
Lionel Wigram reviewed Alchemist
I'm glad that there were no hidden fees, and our communication was great. They helped me come up with a simplified tax strategy, and in general, their...
Tim Lewis reviewed Escrow Consulting Group
These specialists were always answering my questions and pointing me in the right direction, and it's pretty clear that they have a great experience i...
Danny Cohen reviewed Back Office Consulting
The wide range of their services is pretty impressive, and I can say that this company is one of the best in this field because I have experience work...
David Thrower reviewed Counto
Bookkeeping and tax services from these specialists are actually on point, so if you think about choosing Counto or some other company - Counto is a g...
timcole
Sam Shoubber reviewed Timcole
I can actually trust these specialists, and at first, I couldn't even think that their services would have such a beneficial effect on my business. Of...
SQL Account
Dan Robins reviewed SQL Account
Choosing this accounting solution was a great decision for my business, and thanks to the free trial, it wasn't problematic for me to make sure that i...
Reckon
Chris Robb reviewed Reckon
After the free trial, I understood that choosing this company would be a good decision for my startup. That's not something every company provides, un...
It didn't take me long to get a proper consultation from these experts, and I'd say that the services they provided me afterwards actually helped me t...

Payroll services

One way or another, almost every company, whether it is a legal entity, individual entrepreneur or other type of company, faces the need to calculate salaries for employees. Even if there is only one person, for example, the founder and director of an LLC or sole proprietorship, it is still necessary to calculate salaries, taxes, deductions to funds, and so on.

If the number of employees is small, it is quite difficult to have an accountant on staff. Therefore, quite often, business owners resort to the services of third-party accountants or firms specializing in accounting services. At the same time, the company can order both a full-range of accounting and bookkeeping services, and payroll services separately.

Payroll services in Singapore include help with Employer of Record, Professional Employer Organization, and outsourced contract staff management service. Moreover, payroll companies in Singapore can help with maintaining payroll files for direct employees or outsourced contracts, ensure compliance with Singapore payroll laws & rules, and arrange accurate payroll processing and salary disbursements to employees. 

Additionally, payroll companies in Singapore can assist with providing e-slips for all employees using cloud based payroll software and submit yearly employee income declaration tax files to the Inland Revenue Authority. Besides, payroll services providers can prepare detailed company payroll management reports for management review, prepare and submit ad hoc statutory claims such as national services.

Incorporate Business Online has prepared a list of payroll companies in Singapore where you can find all types of service providers and choose the one that will suit your business.

FAQ

How does a payroll service work?

Payroll service allows businesses to transfer to a professional provider functions such as payroll calculating. Also, payroll service providers help with related payroll taxes, preparing documents and necessary reports for authorities.

 

You will be interested in payroll outsourcing if:

 

  • you are interested in reducing the costs of the personnel department and accounting;
  • your company is small, and it is unprofitable to keep a specialist;
  • your company is a start-up;
  • you have a geographically distributed structure;
  • you have a complex payroll system.

How to use a payroll service?

There are many payroll services, and most of them are internet-based solutions. Usually, a payroll services provider team will show you how to use their systems. Moreover, most of the platforms have a detailed guide on how to use their system.

How to choose payroll services or software?

To choose the right system, pay attention to the following points:

 

  • Explore the features of the services and determine which ones you need;
  • Depending on the size of your company, different services may suit you or not, so pay attention to basic or advanced functionality;
  • Read reviews and watch videos about services;
  • Compare plans and choose the best option;
  • Sign up for a free consultation or demo, this will allow you to have a look at the program interface.

What is payroll software?

Payroll software allows automating accounting operations for calculating payroll and helps keep personnel records. Using payroll management systems, you can avoid errors in accruals, store information in a convenient form, and analyze and make decisions based on transparent data.

What is the best payroll software?

The best payroll software is the one that fulfills your needs, suits your business, and allows you to save time.

 

The best payroll software in 2022 are:

 

  • Gusto
  • Paychex Flex
  • QuickBooks Payroll
  • Workful
  • OnPay
  • ADP
  • Payroll4Free
  • Rippling

Does payroll software save time?

When you running a business, time is the key factor. Internal payroll management requires a lot of attention and time. Moreover, these requirements increase as you hire more employees.

Outsourcing payroll to third-party service providers will help you buy time to work on other critical business and people management tasks. Plus, you won’t have to hire an in-house team to handle payroll inquiries, payroll taxes, and so on.

What features should a payroll service for small businesses have?

The main features of any payroll service should include:

 

  • Work with the timesheet and payroll calculation;
  • Calculation of benefits, vacation pay, and illness payments for each employee;
  • Automatic accounting of alimony, allowances, and other charges;
  • Payroll on a piece-rate basis;
  • Working with different taxation regimes and flexible settings for tax deductions;
  • Reporting forms with the ability to export to different formats;
  • A full range of personnel records such as hiring and dismissal, resolutions, and staff schedule;
  • Settlement and payrolls.

What is the difference between on-prem and cloud payroll software?

The main difference is that on-premise payroll software is installed in a local network and the company hosts everything in-house. Access to on-prem software is limited.

The cloud software is hosted by a third-party provider and allows you to work with it anywhere and anytime.